10 things you need to know today: April 18, 2012

Citigroup rejects big salaries for execs, North Korea threatens retaliation, and more in our roundup of the stories that are making news and driving opinion

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1. SHAREHOLDERS REJECT CITIGROUP'S EXEC PAY PLAN

At Citigroup's annual meeting on Tuesday, the majority of shareholders voted against a plan laying out the compensation for the company's top five executives, including chief Vikram S. Pandit, who was designated to receive a $15 million pay package. The "stinging rebuke" marked the first time that shareholders have come together to speak out against exorbitant salaries at a major company. "CEO's deserve good pay, but there's good pay, and there's obscene pay," says the chief of a Philadelphia money management company that owns Citibank shares and voted against the pay packages. [New York Times]

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