Citigroup Gives Forese Bigger 2014 Pay Package Than Corbat
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Citigroup Inc. awarded co-President Jamie Forese about $13.7 million in compensation for 2014, or 4 percent more than Chief Executive Officer Michael Corbat.
Forese, 51, who oversees trading, investment and private banking, got deferred stock and performance-share units valued at about $8 million in total, and $5.3 million in cash, according to a regulatory filing Friday. He drew a $475,000 salary. Corbat, 54, received a bonus of about $11.7 million and a salary of $1.5 million, according to filings.