[ by Melanie Gretchen ] Citigroup CEO Vikram Pandit received $3.7 million in stock for delivering the 3rd-biggest U.S. bank a 6.4% increase in full-year profit.  That's before accounting for the 5,000 jobs that will be eliminated, beginning this year. Following his second profitable year as CEO, Mr. Pandit, 55, along with 11 other executives, were awarded bonus share awards.  In total, the awards were valued at nearly $25 million, based on the closing price of shares on 1/17/11, when Citi posted its 2011 net income of $11.3 billion. 2012 Job Cuts. The elimination of 5,000 jobs will ultimately reduce bank expenses by up to $3 billion.  The cuts were necessitated by revenue declines at the investment banking and trading units, run by COO John Havens, and flamed by investor concern over the threat of default to the most indebted European nations. [Businessweek, 1/20/12]