Bonus Watch ’14: Citi CEOs

Mike Corbat scored himself a nice little raise.

Citigroup Inc. boosted Chief Executive Michael Corbat’s pay by an estimated 23% for 2013, his first full year at the helm of the nation’s third-largest U.S. bank by assets. Mr. Corbat earned $14.1 million, in line with Bank of America Corp. CEO Brian Moynihan, but behind his peers at Goldman Sachs Group, and J.P. Morgan Chase. According to a regulatory filing, Mr. Corbat received deferred Citigroup stock valued at $3.78 million as of Thursday’s closing price. He is paid $1.5 million in salary, with the rest of his compensation calculated using a formula disclosed in Citigroup’s proxy statement last year.

Citigroup Gives CEO 23% Pay Raise [WSJ]

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16 Responses to “Bonus Watch ’14: Citi CEOs”

  1. Guest says:

    Not bad compensation for pretending to be a CEO while the US govt runs your shop.

  2. Guest says:

    Sucking up to Citi Board Chair > giving Ken Lewis ass hickeys for five years

  3. guest says:

    are we going to talk about that picture?

  4. guest says:

    Bruce Jenner?

  5. R. Maddow says:

    That guy in the background has been raiding my wardrobe

  6. Guest says:

    Is that Pince Alwaleed in the background ?