Daily News: February 24, 2014

Reuters: Citi CEO Corbat Received 23% Pay Hike in 2013

Reuters reported Citigroup’s chief executive, Michael Corbat, received a 23% pay rise in 2013, his first full year after replacing Vikram Pandit at the helm, a regulatory filing showed.

According to Reuters , Corbat earned an estimated $14.1 million in 2013 under Citi’s executive pay structure, which the company overhauled last year amidst shareholder pressure. In 2012, Corbat received a salary of $11.5 million, Reuters said further.

To read the entire Reuters article, click here.