Michael Corbat
2018
In 2018, Michael Corbat earned a total compensation of $24.2M as CEO at Citigroup, a 36% increase compared to previous year.
Compensation breakdown
| Bonus | $6,750,000 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $4,548 |
| Salary | $1,500,000 |
| Stock Awards | $15,912,666 |
| Other | $16,500 |
| Total | $24,183,714 |
Corbat received $15.9M in stock awards, accounting for 66% of the total pay in 2018.
Corbat also received $6.8M in bonus, $4.5K of change in pension value and nonqualified deferred compensation earnings, $1.5M in salary and $16.5K in other compensation.
Rankings
In 2018, Michael Corbat's compensation ranked 91st out of 14,244 executives tracked by ExecPay. In other words, Corbat earned more than 99.4% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 91 out of 14,244 | 99th |
Division Finance, Insurance, And Real Estate | 13 out of 2,994 | 100th |
Major group Depository Institutions | 2 out of 1,316 | 100th |
Industry group Commercial Banks | 2 out of 1,072 | 100th |
Industry National Commercial Banks | 2 out of 352 | 99th |
Source: SEC filing on March 6, 2019.
Corbat's colleagues
We found four more compensation records of executives who worked with Michael Corbat at Citigroup in 2018.