Citigroup CEO Michael Corbat's 2018 pay jumps 36% to $24M
Citigroup reports 2018 executive compensation
By ExecPay News
Published: March 6, 2019
Citigroup reported fiscal year 2018 executive compensation information on March 6, 2019.
In 2018, five Citigroup executives received on average a compensation package of $15M, a 17% increase compared to previous year.
Average pay of disclosed executives at Citigroup
Michael Corbat, Chief Executive Officer, received $24M in total, which increased by 36% compared to 2017. 66% of Corbat's compensation, or $16M, was in stock awards. Corbat also received $6.8M in bonus, $4.5K of change in pension value and nonqualified deferred compensation earnings, $1.5M in salary, as well as $17K in other compensation.
James Forese, Chief Executive Officer, received a compensation package of $21M, which increased by 20% compared to previous year. 60% of the compensation package, or $12M, was in stock awards.
John Gerspach, Chief Financial Officer, earned $12M in 2018, a 19% increase compared to previous year.
Stephen Bird, Chief Executive Officer, received $11M in 2018, which decreases by 12% compared to 2017.
Jane Fraser, Chief Executive Officer, earned $9.5M in 2018, a 10% increase compared to previous year.
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Source: SEC filing on March 6, 2019.