Christos Cotsakos, who built E*Trade Group into a well-known online bank, has abruptly resigned. Although the company did not give a reason for the CEO's departure, he did spark controversy last year when news surfaced of his $80 million-pay package for 2001.

After an uproar from investors and the launch of multiple lawsuits, he agreed to give back $21 million worth of holdings, reducing his compensation to about $60 million for the year.

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