These symbols will be available throughout the site during your session. See here for a complete list of exchanges and delays. Her main source of income is from her primary work as a business executive and CEO. Citigroup said on Tuesday it provides regulators with its plans and progress on remediation efforts on an ongoing basis and is working constructively with the regulators to take their feedback. Frasers compensation includes a $1.3 million cash salary, plus $6.4 million as a cash bonus and $14.8 million in shares payable over several years, with some of those linked to financial targets. To narrow the gap in the raw data, the bank has embarked on an effort to level up to at least 40% the proportion of women in its assistant vice president through managing director roles. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Get the free daily newsletter read by industry experts. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. - Citigroup's board awarded Chief Executive Jane Fraser $22.5 million for running the U.S. bank in 2021, according to a filing on Feb. 14. Jane Fraser addresses Brazil-US Business Council forum in Washington, DC in March 2019. Mike Corbat, Citigroup's chief executive, was paid $24m last year. In a chefs kiss of pay excess, Dimon and Solomon each got retention bonuses of around $50 million. - Citigroups board awarded Chief Executive Jane Fraser $22.5 million for running the U.S. bank in 2021, according to a filing on Feb. 14. Shareholders dont want to see an executive strike gold when they have not, and investor advisers like Institutional Shareholder Services tend to oppose pay packages out of line with stock returns. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. On the surface, Citis performance explains the difference. Musk Made a Mess at Twitter. Thats up from 35% last year. Much of the attention surrounding Frasers pay may stem from her gender. All quotes delayed a minimum of 15 minutes. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Her $1.33 million salary represents 10 months at Citis usual CEO pay rate of $1.5 million per year because Fraser took over the banks top role March 1, the bank said. Citigroup Raises CEO Jane Fraser's Salary To $24.5 Million Fraser's compensation includes a $1.3 . This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? The Citi Blog - Latest Update on the Future of Work at Citi Its the only big U.S. bank stock that fell between Feb. 26, when Fraser took over, and the year end. Jane Fraser's picture. Feb 14 (Reuters) - Citigroup Inc (C.N) Chief Executive Officer Jane Fraser will be paid $22.5 million for 2021, a 31.6% increase from the previous year when she was the president of the bank and . The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. JPMorgans Jamie Dimon and Bank of Americas Brian Moynihan were a whisker behind, at $34.5 million and $32 million, respectively. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Not the one that runs along gender lines though Fraser does get a third less than her male peers. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. - Fraser officially took over at Citi on Feb. 26, replacing Mike Corbat, who earned $23 million in his final full year. Jane Fraser Net Worth 2023, Age, Husband, Children, Height, Family Frasers compensation breaks down to a $1.33 million annual salary, a $6.35 million cash incentive, $4.23 million in deferred stock that vests over four years and $10.58 million in performance share units (PSUs). Fraser was paid a salary of $1.33 million and a cash bonus of $6.35 million when he became CEO on March 1, 2021. Fraser's rise is the result of a multiyear effort at Citi, the $74. Morgan Stanleys James Gorman and Goldman Sachss David Solomon were paid $35 million each for their work last year. However, women make 99% of what men do when they're given the same titles and have similar levels of experience, Citi said. Do Not Sell My Personal Information (CA Residents Only). Is this happening to you frequently? If those targets are tough, setting pay in line with peers is therefore less like rewarding failure, and more like incentivizing competition. Type a symbol or company name. She's the only CEO of a top-six U.S. bank to receive a raise last year. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Citi on LinkedIn: Citi CEO Jane Fraser shares her perspective on Our Standards: The Thomson Reuters Trust Principles. Citigroup Chief Executive JaneFraser will take home total compensation of $22.5 million for 2021 a nearly 32% increase from the previous year, the bank said Monday. 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Crain's Extra: Citigroup CEO Jane Fraser needs vassals to support her Jane Fraser (born 1967) [1] is a British - American banking executive and the chief executive (CEO) of Citigroup, a position she has held since March 2021. Shareholders dont want to see an executive strike gold when they have not, and investor advisers like Institutional Shareholder Services tend to oppose pay packages out of line with stock returns. To any normal human, Fraser makes out like a bandit, getting 350 times more than the average New York City household https://www.census.gov/quickfacts/newyorkcitynewyork. Fraser, 54, comes to the role of CEO armed with a resume straight out of Wall Street central casting. That's down from 29% in the first year Citi reported the figures. 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Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, iPhone Maker Plans $700 Million India Plant in Shift From China, Stock Traders Are Ignoring Blaring Bond Alarms, S&P 500 Notches Best Week Since Late January: Markets Wrap. The information shown here is a reporting of information included in the company's proxy statement. The bulk of her compensation$14.82 millionis in restricted stock tied to performance metrics. Follow @johnsfoley https://twitter.com/johnsfoley on Twitter. Conrad Sangma To Be Sworn In As Meghalaya Chief Minister On March 7. Thanks for contacting us. See here for a complete list of exchanges and delays. The estimated Net Worth of Jane Nind Fraser is at least $25 Million dollars as of 27 February 2018. Citi boosts Fraser's pay 8.9% to $24.5M | Banking Dive Citigroup Inc. paid new Chief Executive Jane Fraser $22.5 million for her first year on the job. She also received $16,800 in other forms of compensation. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Want to share a company announcement with your peers? - Goldman Sachs and Morgan Stanleys boards each awarded their chief executives, David Solomon and James Gorman, $35 million in cash and shares, while JPMorgan boss Jamie Dimons package for the year totals $34.5 million. Citigroup (NYSE: C) CEO Jane Fraser gets total compensation of $22.5M for 2021, the company said in a filing. Morgan Stanley shares were up around 25% over the same time. She has started to dismantle Citis decades-old sprawl, selling off retail banking divisions in Asia and Europe, and putting its Mexican arm on the auction block, but those massive changes will take a while to pay off. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Jane Fraser Net Worth (2022) | wallmine Jane Fraser on Rethinking Citigroup's Mission, Inclusivity | TIME The chart on this page features a breakdown of the total annual pay for Jane Fraser, CEO at CITIGROUP INC as reported in their proxy statements. Bank of America boss Brian Moynihan is in line for $32 million.

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