Does this intimate a slew of similar actions? Kevin Kessinger, one-time head of technology at Citi (C), has gone to arbitration to get his multi-million dollar severance package paid. It's unclear how much he is owed. What is known is that his severance pay was halted by the bank in the wake of the political furor over banker bonuses and public-money bailouts.

According to the Financial Times, his severance pay has been suspended for about six months. Other senior executives are in the same boat, including Michael Klein, its former top dealmaker. My sense is that the bank will resume making payments, although rules set by the pay czar and Federal Reserve bank of New York might have to be  consulted. The idea all along was to let the dust settle and the anger to play itself out. 

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- here's the article

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