Citigroup CEO Michael Corbat's 2019 pay rises 5% to $26M
Citigroup reports 2019 executive compensation
By ExecPay News
Published: March 11, 2020
Citigroup reported fiscal year 2019 executive compensation information on March 11, 2020.
In 2019, eight Citigroup executives received on average a compensation package of $13M, a 14% decrease compared to previous year.
Average pay of disclosed executives at Citigroup
Michael Corbat, Chief Executive Officer, received $26M in total, which increased by 5% compared to 2018. 68% of Corbat's compensation, or $17M, was in stock awards. Corbat also received $6.8M in bonus, $4.8K of change in pension value and nonqualified deferred compensation earnings, $1.5M in salary, as well as $17K in other compensation.
For fiscal year 2019, the median employee pay was $52,988 at Citigroup. Therefore, the ratio of Michael Corbat's pay to the median employee pay was 481 to one.
Jane Fraser, Chief Executive Officer, received a compensation package of $17M, which increased by 82% compared to previous year. 69% of the compensation package, or $12M, was in stock awards.
Paco Ybarra, Chief Executive Officer, earned $14M in 2019.
James Forese, Chief Executive Officer, received $13M in 2019, which decreases by 37% compared to 2018.
Stephen Bird, Chief Executive Officer, earned $12M in 2019, a 11% increase compared to previous year.
Bradford Hu, Chief Risk Officer, received $8.4M in 2019.
John Gerspach, Chief Financial Officer, earned $7.8M in 2019, a 34% decrease compared to previous year.
Mark Mason, Chief Financial Officer, received $7.8M in 2019.
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John Gerspach
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Source: SEC filing on March 11, 2020.