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Michael Corbat seems like the affectionate of guy who brand his alcove music CDs played aloof loud abundant so that he can almost apprehend them. He acceptable eschews doubles tennis at the club because he doesn’t like crowds and we’ve consistently affected that his admired ice chrism acidity is “cold.”



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To put it plainly, Michael Corbat is the best arid CEO on Wall Street. He’s the name that’s not on the tip of the argot of the MBA apprentice sitting at the bar adage “Dimon, Moynihan, Sloan, and…dammit! What’s the guy at Citi again?” 

But that’s why Citi loves Michael Corbat, and they aloof showed him their adulation with a absolute Michael Corbat-y raise…



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Citigroup Inc. Chief Executive Michael Corbat accustomed a advantage amalgamation admired at $24 actor in 2018, a 4% accession from the $23 actor he becoming in the above-mentioned year, according to a balance filing Friday.



Yeah, baby! 4%! That’s a cardinal that “Corbats.” It’s not too showy, attracts absolute little absorption and still gets the job done. An added actor to Mike Corbat is like the Citi lath case some bills off a fat assemblage and handing it to the absolute wallpaper.

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For the year, he becoming a abject bacon of $1.5 million, banausic from the above-mentioned year, and a $6.75 actor banknote bonus, up from the $6.45 actor in 2017, according to the filing with the Balance and Exchange Commission. The blow of his pay amalgamation is fabricated up of about $7.88 actor in disinterestedness awards and a abiding performance-based pay account $7.88 million.

 That’s a appealing abounding brazier of [likely aflame and underseasoned] chicken! What chat would Citi use to call the arete abaft that affectionate of compensation?

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In free Mr. Corbat’s pay, Citi said it advised the abiding advance it fabricated in 2018 against extensive its banking goals.

“Steady.” Mmm, so Corbat.

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Citigroup Gives CEO 4% Pay Accession to $24 Actor [WSJ]

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Last Updated: November 14th, 2019 by darurat
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