incentive award for vikram pandit who was forced out less than a month ago by the board. it and havens can not join some competitors up to 12 months. but again they're granted 6.6 million and 6.8 million bucks as incentives to walk aaay. back to you. >> robert gray, thanks so much. >>> coming up on "money" david siegel warned of layoffs if president obama was reelected but none of west gait's resort employees got pink slips. he is here to tell you what they got instead. >>> president obama and house speaker boehner at loggerheads over the fiscal cliff today. is this a song and dance before a real deal is made. we're going to explain that. do you ever have too much money? ♪ . melissa: like so many executives west gait resorts ceo david siegel was concerned about another four years under president obama's leadership. just before the election he sent an e-mail to all his employees saying in part, quote, many new taxes are levied on me or my company as our current president plans i will have no choice but to reduce the size of company. well, turns out he didn't quite follow th

incentive award for vikram pandit who was forced out less than a month ago by the board. it and havens can not join some competitors up to 12 months. but again they're granted 6.6 million and 6.8 million bucks as incentives to walk aaay. back to you. >> robert gray, thanks so much. >>> coming up on "money" david siegel warned of layoffs if president obama was reelected but none of west gait's resort employees got pink slips. he is here to tell you what they got instead. >>> president obama and house speaker boehner at loggerheads over the fiscal cliff today. is this a song and dance before a real deal is made. we're going to explain that. do you ever have too much money? ♪ . ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectu

according to reports, vikram pandit will be paid a $6.7 million bonus for his work at citigroup this year. he will recieve zero in serverance money. it's believed pandit fell out of favor with the bank's board of directors. lance armstrong is resigning from the board of livestrong, the cancer fighting charity he founded. armstrong says he's stepping aside to spare the organization any negative effects as a result of his fall from cycling grace. armstrong was stripped of his seven tour de france titles and banned for life from cycling by the u.s. anti-doping agency after multiple doping allegations. never underestimate the power of a new coat of paint. sherwin williams, the largest paint- maker in the u.s., is buying privately-held mexican paint company consorcio comex for $2.3 billion. the deal means the companies will combine operations and expand distribution in the united states, canada, mexico and other latin american countries. cleveland-based sherwin williams makes dutch boy, minwax, krylon and its own namesake paints. still to come, dirty money: how banks are sometimes involve

the board and you've seen them take a somewhat radical step with the not choreographed firing of vikram panditi believe the nuns are irate. >> they are. >> i believe that. i think it's not crazy the idea that they split this up. it's hard to say when the stock is trading at about 2/3 of back value, that the supermarket synergy is really working. it's not. so i think there shouldn't be any sacred cows here, including the structure of being this unwilling conglomerate. >> so the nuns might be on to something. >> they might be. >> leverage was the problem with all these banks. >>> so let's get to tomorrow. tomorrow is a very important date, money that is marked very prominently. the nationwide release of the highly anticipated conclusion -- i know guy is sad -- to "twilight:breaking dawn." the -- lionsgate's chairman joins us now. always good to see you. >> hello, melissa. nice to see you as well. >> the analysts are already pretty bullish. they're saying that pre-sales of tickets have already exceeded the first "twilight." what's the read on this? >> it's very encouraging. i can tell you that th

vikram pandit being pushed out like that. i know this was a lifetime ago you worked there, but is it the board that keeps messing up? what's going on? >> maria, i have no insights. if i did, i wouldn't share them. >> are you sure? >> i did call vikram up and wish him the best and michael. >> you've got all these technology ceos and social media new technology ceos meeting together in this conference. why is this sector so important to you? is that where the vibrancy is in business today? >> sure. remember, we're still doing basic banking like loans. we have 12 million mobile accounts now. people are moving money. uk you can take pictures of checks and have them deposited. these services are going to grow very rapidly. so i've spent almost a week here meeting these folks and making sure we're geared up for it. electronic exchanges. that's been happening my whole life. this is just another huge wave of things to make it easier and better for customers. we have to do it. so we will be investing, you know, huge amounts of our tim

and citigroup will pay 15.5 million each to former ceo vehicle recomme vikram pandit reflectinging t t progress the coma. >> some of it was money that it already -- i thought the number was 6.6 smld what they actually gave him as an incentive fee. >> for leaving? >> well, that's the irony of it. >> going quietly maybe. >> he didn't go that quietly actually. he said it was his choice. he blamed everybody else. >> that's all boiler plate, isn't it? >> i guess so. >> so the jacket was deliberate. >> honestly i said to myself i don't have a pin today and maybe i will just not wear the jacket as a wave rising above. >> interesting. >> mac even came over to hand me the jacket. >> i saw. >> deliberate. >> goldman sachs is in settlement talks over an $8.3 billion position that one of the traders had concealed five years ago. a settlement is expected in coming weeks. and i probably -- do i look different today? no? not really? >> did you get a haircut? >> no. i got power. last night. >> you got power. >> last night. >> like 11:00 last night? >> 11:00. >> so almost two full weeks you went with