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Ida Liu (Chinese: 劉宏敏) is a Chinese American banking executive and currently the Global Head of Citi Private Bank, a position which she has held since April 2021. She previously headed Citi Private Bank in North America. [1]
Proposals from the European Union in April 2013 were to cap bonuses at 100% of salary unless at least 65% of the firm's shareholders approve an increase to 200% salary, or 75% of shareholders if there is no quorum. [6] In April 2013, a €50m claim by former Dresdner Kleinwort staff was upheld by the UK Court of Appeal. [7]
Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.
In January 2011, after working for two years for a salary of $1 a year, his annual base was raised to $1.75 million for the progress Citi made under Vikram's leadership. [ 30 ] [ 31 ] [ 32 ] After posting five consecutive quarterly profits, Citigroup in May 2011, announced $23.2m retention award to Pandit making him one of the highest paid CEOs.
Head of Balcon and Rate Sales, US Personal Banking, New York. Joined Citi in 2002. Describe your current role. I am part of the USPB organization and work in the branded cards and lending team.
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.
As CEO of Citi Holdings, he was responsible for and led the divestiture of a portfolio of non-core business and assets following the financial crisis of 2008 and Citi's participation in the Troubled Asset Relief Program (TARP). [11] In 2011, he was named CEO of Europe, Middle East and Africa where he oversaw all Citi operations in the region.
Stock Performance is the difference between a director's stock index and the S&P 500. A director's stock index is an unweighted index of company stock performances while they sat on the board. 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 ...