Citigroup raises CEO Corbat’s pay 48 percent to $23 million

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NEW YORK (Reuters) – Citigroup Inc (C.N) raised Chief Executive Officer Michael Corbat’s annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets. Directors considered recent progress toward new targets when setting Corbat’s pay, according to a public filing on Friday. Reporting by David Henry in New YorkOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters