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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.
- Dan Ennis
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.
- Sundar Pichai (Alphabet Inc.) - 2019 salary: $280,621,552. - Median worker pay: $258,708 (1,085:1 ratio) You may also like: 25 Companies You Might Not Know Are Owned By Disney.
- Robert Swan (Intel Corporation) - 2019 salary: $66,935,100. - Median worker pay: $96,300 (695:1 ratio)
- Lisa Su (Advanced Micro Devices, Inc.) - 2019 salary: $58,534,288. - Median worker pay: $96,874 (604:1 ratio)
- James Dolan (Madison Square Garden Sports Corp.) - 2019 salary: $54,116,491. - Median worker pay: $18,650 (2,902:1 ratio)
- Contributor
- Sundar Pichai. > Company: Alphabet. > Annual compensation: $280,621,552. > Company revenue: $161.9 billion. > CEO pay ratio: 1,085 times more than the typical employee.
- Robert Swan. > Company: Intel. > Annual compensation: $66,935,100. > Company revenue: $72.0 billion. > CEO pay ratio: 695 times more than the typical employee.
- Satya Nadella. > Company: Microsoft. > Annual compensation: $42,910,215. > Company revenue: $143.0 billion. > CEO pay ratio: 249 times more than the typical employee.
- Larry J. Merlo. > Company: CVS Health. > Annual compensation: $36,451,749. > Company revenue: $256.8 billion. > CEO pay ratio: 790 times more than the typical employee.
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...