Michael Corbat
2019
Compensation breakdown
| Bonus | $6,750,000 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $4,846 |
| Salary | $1,500,000 |
| Stock Awards | $17,237,115 |
| Other | $16,800 |
| Total | $25,508,761 |
Corbat received $17.2M in stock awards, accounting for 68% of the total pay in 2019.
Corbat also received $6.8M in bonus, $4.8K of change in pension value and nonqualified deferred compensation earnings, $1.5M in salary and $16.8K in other compensation.
Rankings
In 2019, Michael Corbat's compensation ranked 76th out of 13,971 executives tracked by ExecPay. In other words, Corbat earned more than 99.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 76 out of 13,971 | 100th |
Division Finance, Insurance, And Real Estate | 10 out of 2,901 | 100th |
Major group Depository Institutions | 4 out of 1,223 | 100th |
Industry group Commercial Banks | 4 out of 1,011 | 100th |
Industry National Commercial Banks | 4 out of 373 | 99th |
Pay ratio
| Michael Corbat's Pay | $25,508,761 |
|---|---|
| Median Employee's Pay | $52,988 |
| Pay Ratio | 481to 1 |
In 2019, the annual total compensation of Michael Corbat was $25,508,761.
The annual total compensation of the median employee at Citigroup was $52,988.
The ratio of Michael Corbat's pay to the pay of median employee was therefore 481 to one.
Corbat's colleagues
We found seven more compensation records of executives who worked with Michael Corbat at Citigroup in 2019.
2019
Jane Fraser
Citigroup
Chief Executive Officer
2019
Paco Ybarra
Citigroup
Chief Executive Officer
2019
James Forese
Citigroup
Chief Executive Officer
2019
Stephen Bird
Citigroup
Chief Executive Officer
2019
Bradford Hu
Citigroup
Chief Risk Officer
2019
John Gerspach
Citigroup
Chief Financial Officer
2019
Mark Mason
Citigroup