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Feb 15, 2022 · Corbat’s compensation saw a 20.7% dip in his final full year as chief executive, as Citi took a $400 million fine from the Office of the Comptroller of the Currency (OCC) over persistent risk management, data governance and internal control issues.
Feb 12, 2021 · At Citigroup, the bank cut Chief Executive Michael Corbat ’s pay 21% to $19.04 million, citing a consent order that regulators slapped on the bank in October. The bank reduced other...
Corbat's annual salary was cut 21% as he was on his way out. His pay cut and departure happened after the Federal Reserve and Office of the Comptroller of the Currency (OCC) fined Citigroup $400 million for its mismanagement.
Feb 6, 2021 · 54. Michael Corbat (Citigroup Inc.) - 2019 salary: $25,508,761 - Median worker pay: $52,988 (482:1 ratio)
Dec 22, 2020 · Citigroup CEO Michael Corbat was paid $25.5 million in fiscal 2019. Corbat has held the position since 2012. At $1.5 million, Corbat’s base salary accounts for a relatively small share of his...
Feb 16, 2021 · Citi cut CEO Michael Corbat's compensation 20.7% in 2020 to $19 million, the bank reported Friday in a Securities and Exchange Commission (SEC) filing. Bank of America slashed CEO Brian Moynihan's compensation, too — by 7.5% to $24.5 million, according to a Friday filing.
Feb 12, 2021 · Citigroup Inc. reduced the compensation of outgoing Chief Executive Officer Michael Corbat by 21% to $19 million for 2020, a year in which regulators sanctioned the lender over its...
