Fagreed Takes a Haircut

Citadel CEO Farid "Fagreed" Suleman's income for last year was announced yesterday and it appears he's taking a big hit on compensation.

The $11 million man in 2007 -- and $17 million dollar man from 2006 made only $1,262,248 to the penny last year.

He voluntarily gave up stock options -- you know, with Teddy Forstmann holding a gun to his head. (Okay, I kid Fagreed).

Actually, he did take a pass on compensation. This is what the proxy revealed:

"Stock award compensation of $4,819,642 is comprised of $3,440,000 related to 2,000,000 shares of restricted stock with solely time-based vesting conditions and&hellip