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.
