Michael Corbat
2017
In 2017, Michael Corbat earned a total compensation of $17.8M as CEO at Citigroup, a 33% increase compared to previous year.
Compensation breakdown
| Bonus | $6,450,000 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $3,731 |
| Salary | $1,500,000 |
| Stock Awards | $9,831,752 |
| Other | $16,200 |
| Total | $17,801,683 |
Corbat received $9.8M in stock awards, accounting for 55% of the total pay in 2017.
Corbat also received $6.5M in bonus, $3.7K of change in pension value and nonqualified deferred compensation earnings, $1.5M in salary and $16.2K in other compensation.
Rankings
In 2017, Michael Corbat's compensation ranked 193rd out of 14,666 executives tracked by ExecPay. In other words, Corbat earned more than 98.7% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 193 out of 14,666 | 99th |
Division Finance, Insurance, And Real Estate | 41 out of 3,159 | 99th |
Major group Depository Institutions | 8 out of 1,402 | 99th |
Industry group Commercial Banks | 8 out of 1,112 | 99th |
Industry National Commercial Banks | 7 out of 369 | 98th |
Source: SEC filing on March 14, 2018.
Corbat's colleagues
We found four more compensation records of executives who worked with Michael Corbat at Citigroup in 2017.