Jane Fraser, CEO of Latin America at Citigroup, smiles through the Milken Institute World Convention in Beverly Hills, California, US, Monday, April 29, 2019. The convention brings collectively leaders in enterprise, authorities, expertise and philanthropy. and academia and the media to debate sensible and collaborative options to a number of the most essential questions of our time. Photographer: Kyle Grillot/Bloomberg by way of Getty Pictures
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Citigroup The financial institution stated in an announcement Tuesday that it elevated CEO Jane Fraser’s compensation by about 6% to $26 million for 2023.
Her compensation consists of a base wage of $1.5 million, a money bonus of $3.7 million, and $20.8 million in deferred inventory tied to efficiency, in accordance with the submitting.
The financial institution’s board wrote that Fraser’s compensation was decided by its implementation of “probably the most vital set of adjustments to its organizational and administration mannequin because the 2008 monetary disaster” and the sale of worldwide companies.
Recognizing that there’s vital further work to be finished, the Board cited Fraser’s problem-solving work in threat administration to deal with regulatory penalties relationship again to 2020.
Amongst their friends on Wall Road, C. B. Morgan Chase CEO Jamie Dimon’s compensation elevated by 4.3%, whereas CEO Jamie Dimon’s compensation elevated by 4.3%. Morgan StanleyFormer CEO James Gorman obtained a 17% pay increase and… Goldman Sachs The CEO obtained a 24% increase.