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.
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