jane fraser citi salary

The industry leader for online information for tax, accounting and finance professionals. If you have an ad-blocker enabled you may be blocked from proceeding. Jane Fraser addresses Brazil-US Business Council forum in Washington, DC in March 2019. Citis closest peer is JPMorgan, whose share return isnt meaningfully different. (Source: @Citi) By 2019, she is said to have received $17.3 million in total remuneration. Pelosi, other stock-trading pols could avoid capital gains REBNY's new return-to-office gauge paints bright view for 'trophy' towers, Food delivery maven unveils NYC shop after dumping Mercedes mobile kitchens, US home prices just did something they haven't done since 2012, JPMorgan Chase requires some workers give 6 months notice before quitting, This Girl Scout cookie flavor is reselling for $100 online -- here's why, Celeb-loved jewelry brand Dorsey drops dazzling new styles, White Lotus actor jokes about being hit on following shows success, Is this the couple behind the Worst Art Job Listing Ever?, Undertaker transforms coffin into barbecue grill, Kellyanne Conway and George Conway to divorce, Canadian teacher with size-Z prosthetic breasts placed on paid leave. Citigroup directors cited Fraser's ability to establish a clear set of priorities aimed at increasing long-term shareholder value among the reasons behind the compensation. She also received $16,800 in other forms of compensation. Do Not Sell My Personal Information (CA Residents Only). Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Continue reading your article witha WSJ subscription, Already a member? Ms. Fraser's predecessor, Michael Corbat, was paid $19.04 million by Citigroup in 2020. Fraser's compensation package for 2023 includes a base salary of $1.5 million, a cash incentive of $3.45 million, and deferred incentives of $8.05 million in deferred stock and $11.5 million in performance share units. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. 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Harsher penalties, a fiercer fight over ESG philosophy and a more urgent push to regulate crypto appear poised to roil the finance sector this year. But both its revenue and its earnings were lower than a year earlier, as credit card users reduced their activity. Let Banking Dive's free newsletter keep you informed, straight from your inbox. Opinions expressed are those of the author. Citi veteran Jane Fraser has been named Michael Corbat's successor. - 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. Not the one that runs along gender lines though Fraser does get a third less than her male peers. As CEO at CITIGROUP INC, Jane Fraser made $20,541,324 in total compensation. The Tennessee bank, in a filing Wednesday, said TD does not expect regulatory approval by the deal's May 27 extended deadline. 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. - 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. our Subscriber Agreement and by copyright law. For its 2021 fiscal year, CITIGROUP INC, listed the following board members on its annual proxy statement to the SEC. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. NEW YORK, Feb 15 (Reuters Breakingviews) - Jane Frasers $22.5 million package for running Citigroup (C.N) embodies a Wall Street pay gap. Thats less sensible than it sounds. Jane Fraser's salary per month and other career earnings are over $1.2 million dollars annually. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. We've received your submission. Copy and paste multiple symbols separated by spaces. Mr. While Chiefs at other big banks, including Goldman and Morgan Stanley, took a pay cut, Citigroup Inc paid Chief Executive Jane Fraser $24.5. She also set in motion a strategy last April to withdraw from 13 retail banking markets in the Eastern Hemisphere and later added Mexico to that list. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. In her first year as CEO, Jane Fraser quickly set to work on a strategic refresh and announced plans to shed consumer banking assets around the globe. JPMorgan trades at 1.8 times its book value; Citis valuation is less than half that. For its 2021 fiscal year, CITIGROUP INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Dive Brief: Citi paid CEO Jane Fraser $22.5 million for 2021, the bank revealed in a filing Monday. It was a Friday. Far better than ending up as a troubled bank with a demotivated leader. Citi had slashed Corbat's pay by 21% to $19 million for his final year in the job as the pandemic hit the bank's profits and shortcomings emerged in its risk controls. Half of Frasers non-base-pay compensation derives from the PSUs. That would leave China, Russia, Poland and Bahrain as well as Mexico as the markets from which Citi has yet to determine an exit plan. 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 . Her main source of income is from her primary work as a business executive and CEO. Fraser has since set about selling Citis retail banking businesses outside the United States, including its Mexican franchise, Citibanamex. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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? Thats less sensible than it sounds. Written by Distribution and use of this material are governed by The bulk of her compensation$14.82 millionis in restricted stock tied to performance metrics. On the surface, Citis performance explains the difference. Want to share a company announcement with your peers? Thorough reviews have been conducted to assure this data accurately reflects disclosures. The "global . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Shes the first female CEO of a major US bank. Fraser was Citi's. Jane Fraser net worth is estimated at around $25 million. These symbols will be available throughout the site during your session. Jennifer Surane. During her 18-year career at Citi, Jane has held leadership roles across Citi's consumer and institutional businesses. This information is according to proxy statements filed for the 2021 fiscal year. CEO compensation has risen steadily since the late 1970s. read more. Citigroup (NYSE: C) CEO Jane Fraser gets total compensation of $22.5M for 2021, the company said in a filing. If a company isnt doing well, its board and investors should want the best person to clean it up. articles a month for anyone to read, even non-subscribers! Besides, since the bulk of a CEOs pay package is drip-fed to them in shares over several years, and linked to financial targets, what Fraser eventually takes home depends on how she performs. Educated at Girton College, Cambridge, and Harvard Business School, she was a partner at McKinsey & Company for 10 years before joining Citigroup in 2004. Citi paid CEO Jane Fraser $24.5 million for 2022, an 8.9% increase over the $22.5 million she made the previous year, according to a filing the bank made Tuesday with the Securities and Exchange Commission. Bank of America boss Brian Moynihan is in line for $32 million. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. CITIGROUP INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Ms. Fraser owns over 32,400 units of Citigroup Inc stock worth over $5,179,478 and over the last 5 years she sold C stock worth over $2,512,944. Ms. Fraser received a $1.5 million salary and a $3.45 million cash bonus, according to a. - 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. She received a salary of $500,000, a bonus of $4,801,276 and stock awards of $11,995,705. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. This website follows the DNPA Code of Ethics Copyright NDTV Convergence Limited 2023. See here for a complete list of exchanges and delays. Not the one that runs along gender lines though Fraser does get a third less than her male peers. Jane Fraser's picture. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Fraser's compensation includes a $1.3 million cash. The information shown here is a reporting of information included in the company's proxy statement. The PSUs value varies based on the banks return on tangible common equity and tangible book value per share over three years. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Its the only big U.S. bank stock that fell between Feb. 26, when Fraser took over, and the year end. Prior, Jane was the Global Head of Strategy and Mergers & Acquisitions for Citi from 2007 to 2009. Jane Fraser is the Chief Executive Officer of Citi, the world's most global bank, serving millions of consumers, businesses and institutions across 160 countries and jurisdictions. - 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. Will His AI Plans Be Any Different? 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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. Morgan Stanleys James Gorman and Goldman Sachss David Solomon were paid $35 million each for their work last year. Citigroup Inc. paid new Chief Executive Jane Fraser $22.5 million for her first year on the job. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Ms Fraser's total pay in 2021 was $22.5 million. Citigroup Inc. paid Chief Executive Jane Fraser $24.5 million for 2022, up 9% from the prior year. American Airlines and its flight attendants union on Friday jointly applied for federal mediation in contract negotiations. Citis closest peer is JPMorgan, whose share return isnt meaningfully different. Conrad Sangma To Be Sworn In As Meghalaya Chief Minister On March 7. Fraser, 54, comes to the role of CEO armed with a resume straight out of Wall Street central casting. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. 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But Fraser starts off on the back foot, thanks to years of value destruction under predecessor Mike Corbat. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. See here for a complete list of exchanges and delays. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. https://www.wsj.com/articles/citigroups-jane-fraser-gets-22-5-million-for-first-year-as-ceo-11644877691. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Its the only big U.S. bank stock that fell between Feb. 26, when Fraser took over, and the year end. Ms Fraser's total pay in 2021 was $22.5 million. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Fraser has since set about selling Citis retail banking businesses outside the United States, including its Mexican franchise, Citibanamex. Citi CEO Jane Fraser shares her perspective on banking's shifting leadership landscape and the opportunity for diverse styles on CNBC Closing Bell: "I hope to Venture capitalists swap Paris Hilton for Al Gore, US blacklisting is no match for TikTok virality, Editing by Lauren Silva Laughlin and Sharon Lam, Theres hope beyond moaning for European telcos, Adani contrarian is a win for Hindenburg, too, Exclusive news, data and analytics for financial market professionals. Please disable your ad-blocker and refresh. Jane Fraser talks about the critical role of cross-border data in growing Citi's revenues and future business strategy. 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.

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