Citigroup Awards CEO Corbat $14.4 Million for 2013
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Citigroup Inc., the third-largest U.S. bank, boosted Chief Executive Officer Michael Corbat’s compensation 25 percent to about $14.4 million for 2013, his first full year running the company.
He got 78,528 deferred shares valued at $3.88 million, based on the closing price Feb. 18, according to a filing yesterday to the U.S. Securities and Exchange Commission. He received about $5.17 million in a cash bonus, $3.88 million of performance share units and a $1.5 million salary, based on the bank’s description of his compensation plan last year.