Citigroup CEO gets $24 million as compensation in 2018

FILE PHOTO: Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne - Copyright CLODAGH KILCOYNE(Reuters)

By Reuters

Published on 15/02/2019 - 23:04•Updated 11/05/2024 - 01:53

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(Reuters) - Citigroup Inc said on Friday Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million (19 million pounds).

Corbat's total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.88 million, and a long-term performance based pay worth $7.88 million.