Citi raises CEO Corbat's pay by 27 percent in 2015

[Lodestar]

Source: Reuters

Citigroup Inc (C.N) raised Chief Executive Michael Corbat's pay by an estimated 27 percent in 2015, a year in which the bank's profit more than doubled.

Corbat earned an estimated $16.5 million in 2015, including deferred shares worth about $4.5 million. He earned $13 million in 2014.

Deferred stock makes up about 30 percent of Corbat's bonus pay under Citi's executive compensation plan, which was overhauled three years ago amid shareholder pressure.

Citi's net income more than doubled to $17.2 billion in 2015, its highest since 2006, as Corbat works through his plan to exit businesses where profits and prospects are not worthwhile.

Read more: http://www.reuters.com/article/us-citigroup-compensation-ceo-idUSKCN0VR2U3

---

[PatrickforO]

1. Did you know that Citi, along with JP Morgan Chase

has a controlling interest in the Federal Reserve?

This is one of the reasons I'm for Bernie. He wants to split these banks up. And I'd like to see us go a big step further and cap executive pay. NO ONE, NO ONE is worth $16.5 or $20 or $30 million when their line workers are making $12 to $14 per HOUR.

That's just obscene.

GO BERNIE!!!!!!

[Sherman A1]

2. Thank Goodness!

I was so worried he might not be able to make ends meet....

[jtuck004]

3. TImothy "Killer" Geither - save his bank$ter/jihadist friends, screw the people.

The "recovery" hasn't even started for tens of millions of people. Another 8 years of this shit and we are dead.


<a href="http://www.statista.com/statistics/200463/us-poverty-rate-since-1990/"><img src="" alt="Statistic: Poverty rate in the United States from 1990 to 2014 | Statista" style="width: 100%; height: auto !important; max-width:1000px;-ms-interpolation-mode: bicubic;"/></a><br />Find more statistics at <a href="http://www.statista.com">Statista</a>

[SoapBox]

4. Put Clinton in office and the sky will be the limit for Banksters.

...she'll continue her hob-knobbing and fundraising with the Wall Street crowd.