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The board awarded her total compensation of $26 million, Citigroup said in a Tuesday regulatory filing. The amount includes a base salary of $1.5 million and $24.5 million in cash as well as ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank , and Travelers ; Travelers was spun off from the company in 2002.
In re Citigroup Inc Shareholder Derivative Litigation, 964 A 2d 106 (Del Ch 2009) is a US corporate law case, concerning the standard under Delaware law for the duty of loyalty among directors' duties.
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Total direct pay refers to total cash compensation plus equity compensation. Benefits are excluded from this aggregate. Benefits are excluded from this aggregate. Total direct pay includes all the elements that may be negotiated by a job candidate, especially for senior executive positions where annual and long-term incentives are more substantial.
Morgan Stanley owned 51% of the entity, and Citi held 49%. [80] On May 31, 2012, Morgan Stanley exercised its option to purchase an additional 14% of the joint venture from Citi. [81] In June 2013, Morgan Stanley stated it had secured all regulatory approvals to buy Citigroup's remaining 35% stake in Smith Barney and would proceed to finalize ...
In April 1998, the Travelers Group merged with Citicorp to form Citigroup. [14] However, the synergies between the banking and insurance arms of the company did not work as well as planned, so Citigroup spun off Travelers Property and Casualty into a subsidiary company in 2002, [18] although it kept the red umbrella logo.
On November 5, 2009, Citi announced that it intended to spin off Primerica through an initial public offering. [39] The first trading occurred on April 1, 2010, priced at $15 a share the day before trading. [14] [15] Citi raised $320 million through the IPO. [40] [41] [42] [better source needed]