A GUEST BACKFIRES ON TWO WINGERS

Yesterday on Brian and the Judge, a B-School professor said that the potential $100 million bonus for an energy trader at a subsidiary of Citigroup was the result of monopoly capitalism and proof that the financial behemoths need to be broken up.

Phibro mum after White House slams top trader pay
Tue Jul 28, 2009 11:41am EDT

NEW YORK, July 28 (Reuters) - Phibro LLC, the energy trading arm of beleaguered bank Citigroup (C.N), was mum Tuesday after the White House criticized a reported $100 million pay plan for its top trader Andrew Hall as "out of whack."

The Wall Street Journal reported on Saturday that Phibro's Hall, a trader known for huge long-term punts in the oil market as well as for his vast and eclectic art collection, was pressing the company to honor a 2009 pay package amounting to about $100 million despite Citigroup's financial woes.

White House spokesman Robert Gibbs said on Monday "one could easily come to the conclusion that that's probably a bit out of whack on any pay scale."