Michael Corbat
2011
In 2011, Michael Corbat earned a total compensation of $10.7M as CEO at Citigroup, a 33% increase compared to previous year.
Compensation breakdown
| Bonus | $3,000,000 |
|---|---|
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $4,116 |
| Option Awards | $2,039,836 |
| Salary | $500,000 |
| Stock Awards | $5,100,000 |
| Other | $14,700 |
| Total | $10,658,652 |
Corbat received $5.1M in stock awards, accounting for 48% of the total pay in 2011.
Corbat also received $3M in bonus, $4.1K of change in pension value and nonqualified deferred compensation earnings, $2M in option awards, $500K in salary and $14.7K in other compensation.
Rankings
In 2011, Michael Corbat's compensation ranked 328th out of 10,747 executives tracked by ExecPay. In other words, Corbat earned more than 96.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 328 out of 10,747 | 97th |
Division Finance, Insurance, And Real Estate | 66 out of 2,383 | 97th |
Major group Depository Institutions | 23 out of 1,107 | 98th |
Industry group Commercial Banks | 23 out of 895 | 97th |
Industry National Commercial Banks | 16 out of 330 | 95th |
Source: SEC filing on March 14, 2013.
Corbat's colleagues
We found five more compensation records of executives who worked with Michael Corbat at Citigroup in 2011.