Seeking Alpha

Corbat receives $14.1M in pay in 2013

  • In his first full year as CEO of Citigroup (C) Michael Corbat earned an estimated $14.1M, 23% more than he received in 2012. Of that amount, $1.5M was base salary and $3.78M was deferred stock.
  • Corbat's pay is roughly inline with the $14M received by BofA chief Brian Moynihan, but less than the $20M of JPM's Jamie Dimon.
  • Citigroup, of course - under a good deal of pressure from shareholders - overhauled its executive pay structure in 2013.
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Comments (3)
  • benitus
    , contributor
    Comments (2372) | Send Message
     
    No biggie here, provided they've been doing their job and not napping at the switch. Personally, I don't like how Michael Corbat does his work and what he has done with Citicorp.
    21 Feb 2014, 08:06 AM Reply Like
  • Red Lion
    , contributor
    Comments (10) | Send Message
     
    This is the last year Corbat can prove a comeback. Otherwise, I will dump the stock.
    23 Feb 2014, 09:22 AM Reply Like
  • benitus
    , contributor
    Comments (2372) | Send Message
     
    Red....I dumped mine when Pandit was forced out. Citibank used to be my banker when I was trading physical commodities and engaged in barter trade overseas. I could issue L/Cs with a phone-call to my personal citibanker, even when I was in remote places. Everything has changed now because Citicorp's strength was in its international business. BTW, Pandit is now starting his own business and I'm sure he will succeed.
    24 Feb 2014, 01:35 AM Reply Like
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