Embattled banking giant Citigroup Inc. spent about $3.5 million to provide rewards for top-performing advisers at its Smith Barney brokerage unit.
The good news is that this isn't nearly as bad as John Thain blowing about $4B on Merrill Lynch bonuses. The bad news is that it hasn't stopped.
Nota bene: Anthony J. Alfidi has no position in C.