Citigroup CEO Corbat’s 2019 compensation unchanged at $24 million

Business

FILE PHOTO – Michael Corbat, CEO of Citigroup, speaks during the Bloomberg Global Business Forum in New York City, New York, U.S., September 25, 2019. REUTERS/Shannon Stapleton

(Reuters) – Citigroup Inc (C.N) said on Friday its Chief Executive Michael Corbat will $24 million as total compensation for 2019, unchanged from 2018.

Corbat’s total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.9 million, and a long-term performance based pay worth $7.9 million.

(This story was refiled to add dropped word in first paragraph)

Reporting by Imani Moise in New York and Trisha Roy in Bengaluru; Editing by Shailesh Kuber

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