Citigroup Increases Corbat’s Pay 27% to $16.5 Million for 2015

  • Corbat's award ranks fourth among leaders of top U.S. banks
  • CEO gets raise for year in which he passed Fed stress tests

Citigroup Inc. increased Chief Executive Officer Mike Corbat’s compensation 27 percent to $16.5 million for last year as the lender boosted profit and passed the Federal Reserve’s annual stress test, a reversal from its failure a year earlier.

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