Michael Corbat
2012
In 2012, Michael Corbat earned a total compensation of $12.4M as CEO at Citigroup, a 16% increase compared to previous year.
Compensation breakdown
| Bonus | $2,090,162 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $4,215 |
| Non-Equity Incentive Plan | $5,217,414 |
| Salary | $1,049,188 |
| Stock Awards | $2,250,000 |
| Other | $1,766,529 |
| Total | $12,377,508 |
Corbat received $5.2M in non-equity incentive plan, accounting for 42% of the total pay in 2012.
Corbat also received $2.1M in bonus, $4.2K of change in pension value and nonqualified deferred compensation earnings, $1M in salary, $2.3M in stock awards and $1.8M in other compensation.
Rankings
In 2012, Michael Corbat's compensation ranked 271st out of 11,487 executives tracked by ExecPay. In other words, Corbat earned more than 97.6% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 271 out of 11,487 | 98th |
Division Finance, Insurance, And Real Estate | 56 out of 2,573 | 98th |
Major group Depository Institutions | 11 out of 1,147 | 99th |
Industry group Commercial Banks | 11 out of 919 | 99th |
Industry National Commercial Banks | 10 out of 331 | 97th |
Source: SEC filing on March 14, 2013.
Corbat's colleagues
We found five more compensation records of executives who worked with Michael Corbat at Citigroup in 2012.