A senior Citigroup employee is due $100 million after his unit brought in almost $2 billion in revenue. That's putting pressure on Obama's pay czar, who needs to balance Wall Street's desire to retain top talent without inciting public outrage.
>> You might think someone who owns a castle in Germany wouldn't need to make millions more; but the Lord of this castle is one of Citigroup's most valuable employees. He's Andrew Hall and he runs Phibro, Citigroup's energy trading business, from this secluded farm in Connecticut.
>> Well this is probably the poster boy illustration of high risk and high compensation.
>> Between 2006 and 2008, Hall's outfit earned Citi nearly two billion dollars. The all-star is now due 30% of last year's profit--about $100 million dollars. That's more than the four highest paid players in major league baseball make combined. It's a tricky situation for Kenneth Feinberg, the new White House appointed Pazar assumed spelling monitoring paychecks at companies rescued by the Government.
>> Was this the first high mega million confrontation we're expecting to see?
>> I think this is going to be the paradigm of exactly the kind of confrontation Mr. Feinberg is going to have to face.
>> Feinberg's balancing act weighing Wall Street's need to retain top talent to get back in the black and repay government loans against public outrage over corporate access at a time raises for average workers are being cut.
>> Pay increases are going to be at around 3% for 2010 and that's lower than we've seen in over ten years.
>> Next month Pazar will review plans on how the seventh biggest government rescued firms will pay their top staff.
>> A Treasury official tells CBS news those plans will strike the right balance between rewarding performance and discouraging the risk taking blamed for the financial crisis. It's proving to be a complicated equation. Kelly Wallace, CBS News, New York.
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