Like many Vermonters, Andrew J. Hall is a connoisseur of fine art and lives on a farm in a small town. He’s even got a homegrown business selling grass-fed cows and pigs. So what separates Hall from his Reading neighbors? His $100 million pay package from a bailed-out bank, mostly.

Bloomberg News published an extensive story with video on Hall on its website today. Hall used to be an oil trader with Citigroup before that bank sold off his Phibro unit to another company, and now he’s also the CEO of a hedge fund. Hall pulled down that $100 million payday the same year Citigroup was bailed out by taxpayers to the tune of $45 billion.

His pay was criticized in 2009 by Kenneth Feinberg, who oversaw compensation at rescued banks for the U.S. Treasury Department, and Vikram Pandit, Citigroup’s then-CEO. The lender agreed to sell Phibro to Occidental that year, saying 2009 pay for some executives would be deferred and reinvested. 

Got something to say?

Send a letter to the editor and we'll publish your feedback in print!

Tyler Machado was the digital media manager at Seven Days. He mostly worked behind the scenes making sure the website, email newsletters and social media feeds stayed in tip-top shape.

One reply on “Meet the Wall Street Trader Who Owns a Huge Chunk of Reading”

Comments are closed.