Citigroup CEO Jane Fraser Gets 9% Salary Hike
News 18Citigroup increased Chief Executive Officer Jane Fraser’s compensation by nearly 9% to $24.5 million for 2022, the lender said in a filing on Tuesday. Her pay is still below the $34.5 million of JPMorgan & Chase Co’s JPM.N CEO Jamie Dimon, and Morgan Stanley CEO James Gorman’s $31.5 million. Fraser’s base salary was $1.5 million, her cash incentive was $3.45 million and her deferred incentives included $8.05 million in deferred stock and $11.5 million of performance share units, the filing showed. Citigroup last year submitted a comprehensive multiyear plan to the Federal Reserve and the Office of the Comptroller of the Currency outlining steps to fix weaknesses in its risk management and internal controls Citigroup said on Tuesday it provides regulators its plans and progress on remediation efforts on an ongoing basis and is working constructively with the regulators to take their feedback.
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