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Citi's Corbat years: The good and not-so-good. Michael Corbat won praise for turning the page on the financial crisis and for advancing gender equity in the workplace. But after eight years at the helm, he has failed to deliver the returns that investors have come to expect of Wall Street banks. By Kevin Wack.
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 internal controls.
Sep 13, 2023 · Her predecessor Michael Corbat might beg to differ, as could former CEO Vikram Pandit. Jane Fraser is trying to make history. Citigroup’s boss said the shake-up she unveiled on Wednesday is the ...
Sep 10, 2020 · Citigroup appointed Jane Fraser as its next CEO, making her the first woman to lead a major U.S. bank. She will replace Michael Corbat, who will step down in February. Julian Restrepo/Citigroup ...
Sep 10, 2020 · Fraser will have big shoes to fill replacing Corbat, who has held the CEO position at Citigroup for the past eight years. Since Corbat took over the position in 2012, Citi shares are up more than 40%.
May 19, 2023 · Michael Corbat biography. Michael L. Corbat is no longer serves as Chief Executive Officer, Director of the Company effective 2/2021. Mr. Corbat is an experienced financial services executive and finance professional, and has been nominated to serve on the Board because of his extensive experience and expertise in the areas of Financial Services, Human Capital Management, Financial Reporting ...
Prior to joining Rensa Filtration, Michael served as Engineering Manager for Custom Filter, focusing on high performance designs for an OEM customer base. Additionally, he served as Senior Product Engineer for Filtration Group and led the creation efforts of multiple new technologies and products to the air filtration arena, innovations that ...
