Michael Corbat
2020
Compensation breakdown
| Bonus | $5,260,500 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $3,914 |
| Salary | $1,500,000 |
| Stock Awards | $16,202,576 |
| Other | $17,100 |
| Total | $22,984,090 |
Corbat received $16.2M in stock awards, accounting for 70% of the total pay in 2020.
Corbat also received $5.3M in bonus, $3.9K of change in pension value and nonqualified deferred compensation earnings, $1.5M in salary and $17.1K in other compensation.
Rankings
In 2020, Michael Corbat's compensation ranked 162nd out of 13,090 executives tracked by ExecPay. In other words, Corbat earned more than 98.8% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 162 out of 13,090 | 99th |
Division Finance, Insurance, And Real Estate | 20 out of 2,550 | 99th |
Major group Depository Institutions | 2 out of 1,117 | 100th |
Industry group Commercial Banks | 2 out of 897 | 100th |
Industry National Commercial Banks | 2 out of 317 | 99th |
Pay ratio
| Michael Corbat's Pay | $22,984,090 |
|---|---|
| Median Employee's Pay | $54,718 |
| Pay Ratio | 420to 1 |
In 2020, the annual total compensation of Michael Corbat was $22,984,090.
The annual total compensation of the median employee at Citigroup was $54,718.
The ratio of Michael Corbat's pay to the pay of median employee was therefore 420 to one.
Corbat's colleagues
We found four more compensation records of executives who worked with Michael Corbat at Citigroup in 2020.