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Citigroup CEO Jane Fraser got a 6% pay bump for her performance in 2023, a year the bank's profits dropped 38% and Fraser began a dramatic restructuring that will result in an estimated 20,000 job ...
The employee reductions planned by Citigroup would likely leave it with the smallest workforce among the big four banks in the US. 'Tough on morale': Citigroup reveals plans for 20,000 job cuts by ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. ... Citi to cut 20,000 jobs ...
In 2018 The New York Times wrote that "where Mr. Corbat can steer Citigroup directly, he is doing so." [1] The issues he addressed included: Gender pay gap which he both defended, proclaiming that it inspires entry-level employee to work harder and advance, and concurrently described as "a challenge we need to tackle together."
Citigroup was accused of issuing exaggerated research reports and not disclosing conflicts of interest. [182] [183] In 2005, Citigroup paid $2 billion (~$3 billion in 2023) to settle a lawsuit filed by investors in Enron. [184] [185] In 2008, Citi also agreed to pay $1.66 billion (~$2.31 billion in 2023) to Enron creditors. [186] [187] [188]
Jane Fraser (born 13 July 1967) is a British-American banking executive who is the chief executive officer (CEO) of Citigroup, a position she has held since March 2021. [1] [2] Educated at Girton College, Cambridge, and Harvard Business School, she worked at McKinsey & Company for 10 years, rising to partner prior to joining Citigroup in 2004.
CEO pay includes salary, bonuses, stock sales, and other payments. Average CEO Pay is calculated using the last year a director sat on the board of each company. Stock returns do not include dividends. All directors refers to people who sat on the board of at least one Fortune 100 company between 2008 and 2012.
Even Citigroup (C) Chief Executive Officer Vikram Pandit has gotten the message about bankers' pay. In response to an interview question about Andrew Hall, a star Citigroup commodities trader ...
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