Feb

Citigroup Raises Chief Executive’s Pay 27%

Michael L. CorbatCreditBryan Bedder/Getty Images

Citigroup said on Thursday that it had granted its chief executive, Michael L. Corbat, a 27 percent pay raise, as the big bank crossed several hurdles on its way toward becoming a more profitable and stable company.

Mr. Corbat was awarded total compensation of $16.5 million for last year, up from $13 million in 2014.

In addition to his $1.5 million salary. Mr. Corbat was awarded $9 million in stock and about $6 million in a cash award…

Citigroup Raises Chief Executive’s Pay 27%

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Citigroup Raises Chief Executive’s Pay 27%

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