Real Estate

For Ex-Citi CEO, Life After Wall Street Is a Wyoming Resort

Mike Corbat joins Eric Macy investing in Jackson Hole resort
Sellers have invested $300 million in capital improvements

Jackson Hole Mountain Resort in December, 2021.Photographer: Amber Baesler/The Washington Post/Getty Images

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By Jennifer Surane

August 9, 2023 at 3:32 PM UTC

Updated on

August 9, 2023 at 5:24 PM UTC

This article is for subscribers only.

It’s all downhill from here for Mike Corbat, and that’s just how he wants it.

Corbat, the former chief executive officer of Citigroup Inc., and Eric Macy, a former Jefferies Financial Group Inc. banker, are among a group of investors acquiring Jackson Hole Mountain Resort in Teton Village, Wyoming. The sellers — Jay, Connie and Betty Kemmerer — have owned the property since 1992.