jane fraser citi salary

Citigroup Inc. paid new Chief Executive Jane Fraser $22.5 million for her first year on the job. Jane Fraser talks about the critical role of cross-border data in growing Citi's revenues and future business strategy. JPMorgan Chase & Cohead Jamie Dimon is receiving $34.5 million for 2021. John Foley for Jane Fraser on Rethinking Citigroup's Mission, Inclusivity | TIME Jane Fraser's salary per month and other career earnings are over $1.2 million dollars annually. New and used auto sales are hotter than a car left in a mall parking lot all afternoon, and online sales may be the wave of the future. Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, iPhone Maker Plans $700 Million India Plant in Shift From China, Stock Traders Are Ignoring Blaring Bond Alarms, S&P 500 Notches Best Week Since Late January: Markets Wrap. Get the free daily newsletter read by industry experts. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Not the one that runs along gender lines though Fraser does get a third less than her male peers. Thanks for contacting us. articles a month for anyone to read, even non-subscribers! Citigroup (C) Awards CEO Jane Fraser $22.5 Million for 2021 - Bloomberg.com The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Of this total $1,333,333 was received as a salary, $7,912,500 was received as a bonus, $0 was received in stock options, $11,215,773 was awarded as stock and $79,718 came from other types of compensation. Jennifer Surane. For non-personal use or to order multiple copies, please contact Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. As CEO at CITIGROUP INC, Jane Fraser made $20,541,324 in total compensation. The chart on this page features a breakdown of the total annual pay for Jane Fraser, CEO at CITIGROUP INC as reported in their proxy statements. Citigroup Inc. paid new Chief Executive Jane Fraser $22.5 million for her first year on the job. We've received your submission. March 24, 2021. Ms Fraser's total pay in 2021 was $22.5 million. The $1.33M base salary is consistent with the annualized rate of $1.5M for the 10. . News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Fraser was paid a salary of $1.33 million and a cash bonus of $6.35 million when he became CEO on March 1, 2021. While Chiefs at other big banks, including Goldman and Morgan Stanley, took a pay cut, Citigroup Inc paid Chief Executive Jane Fraser $24.5. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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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. Want to share a company announcement with your peers? 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. The information shown here is a reporting of information included in the company's proxy statement. If those targets are tough, setting pay in line with peers is therefore less like rewarding failure, and more like incentivizing competition. In January, Citi reported a profit of $4.6 billion on revenue of $16.5 billion. - 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. All proxy statements are public filings made available to the general public by the SEC. Citis closest peer is JPMorgan, whose share return isnt meaningfully different. She received a salary of $500,000, a bonus of $4,801,276 and stock awards of $11,995,705. (Editing by Lauren Silva Laughlin and Sharon Lam). Its the only big U.S. bank stock that fell between Feb. 26, when Fraser took over, and the year end. Dive Brief: Citi paid CEO Jane Fraser $22.5 million for 2021, the bank revealed in a filing Monday. This report is not for commercial use. In a chefs kiss of pay excess, Dimon and Solomon each got retention bonuses of around $50 million. CITIGROUP INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Jane Fraser net worth is estimated at around $25 million. She's the only CEO of a top-six U.S. bank to receive a raise last year. This information is according to proxy statements filed for the 2021 fiscal year. All proxy statements are public filings made available to the general public by the SEC. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Of this total $1,333,333 was received as a salary, $7,912,500 was received as a bonus, $0 was received in stock options, $11,215,773 was awarded as stock and $79,718 came from other types of compensation. Leadership Team - Jane Fraser | Citi Track Latest News and Election Results Coverage Live on NDTV.com and get news updates from India and around the world. Not the one that runs along gender lines though Fraser does get a third less than her male peers. Citigroup's Jane Fraser Bucks Bank Rivals as 2022 Pay Rises to $24.5 Jane Fraser Bio, Age, Family, Husband, House, Salary, Net, Citigroup Is this happening to you frequently? In its filing Monday, Citi's compensation committee lauded Fraser's quick work in setting priorities for the bank. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 54, was granted stock awards totaling about $14.82 million, a cash bonus of $6.35 million and a $1. Meet Citi's Next CEO & Learn How She Climbed to the Top See here for a complete list of exchanges and delays. She is the first woman to lead a U.S.-based Wall Street bank, and Citi long before Frasers ascent positioned itself as a market leader on gender equality. Jane Fraser, Citigroup's incoming CEO, announced a new accountability-focused team on Tuesday. | 2 p.m. Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. JPMorgan trades at 1.8 times its book value; Citis valuation is less than half that. Citi pays Fraser $22.5M in her first year as CEO | Banking Dive Jane Fraser Net Worth 2023, Age, Husband, Children, Height, Family In a chefs kiss of pay excess, Dimon and Solomon each got retention bonuses of around $50 million. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. I left the office and walked down to the grocery store to stock up and there was not one vegetablefresh or frozenleft on any of the shelves. Opinions expressed are those of the author. The Scottish-born Fraser has been with Citi since 2004 and currently oversees the banks massive global consumer banking operation. read more. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Fraser was Citis president and head of the consumer business for the 2020 pay period. Citigroup's Jane Fraser to receive $12.5m pay grant ET, Presented by studioID and Dun and Bradstreet, Webinar 50% off + free delivery on any order with DoorDash promo code, 60% off running shoes and apparel at Nike without a promo code, Score up to 50% off Nintendo Switch video games with GameStop coupon code. The opinions expressed are his own.). Her route to being the first woman to head a top 5 U.S. bank included stops at Goldman and McKinsey. 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. Shes the first female CEO of a major US bank. Jane Fraser's promotion as the incoming CEO of Citigroup will make her the first woman to head a major Wall Street bank. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Manish Sisodia's Custody Extended, CBI Told Not To Repeat Questions, In Karnataka, Arvind Kejriwal Twist To BJP's "Double-Engine Government", Flu Cases With Severe Symptoms Rise, Centre Issues Advisory: 10 Facts, "Grateful Adani Group Has Shown Faith In Australia": Ex PM Tony Abbott, "I Gave Up": Shark Tank Judge Namita Thapar Reveals Her Struggles With IVF, Here's How To Avoid Covid-Like Flu Sweeping Across India, "World's 1st" Bamboo Crash Barrier Installed In Maharashtra: Nitin Gadkari, Influencer Andrew Tate, Facing Human Trafficking Charges, Has Lung Cancer, Rajya Sabha MP Kapil Sibal Announces Platform To Fight Injustice. 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? However, women make 99% of what men do when they're given the same titles and have similar levels of experience, Citi said. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Her remarkable achievements have earned her some luxurious lifestyles and some fancy car trips. She has been tasked with simplifying the banks structure and getting its profitability on par with rivals. , The free newsletter covering the top industry headlines, By Anna Hrushka, Dan Ennis and Gabrielle Saulsbery , Encapture releases data validation solution to enhance compliance automation, By signing up to receive our newsletter, you agree to our, Webinar Morgan Stanleys James Gorman and Goldman Sachss David Solomon were paid $35 million each for their work last year. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Compensation Information for Jane Fraser, CEO of CITIGROUP INC - Salary.com Mr. Fraser has since set about selling Citis retail banking businesses outside the United States, including its Mexican franchise, Citibanamex. Topics include: Commercial banking, payments, technology, risk, regulations, policy, Topics covered: bank/fintech relationship, banks buying fintechs, regulation, risk of neobanks and much more. She received a total incentive award of ~$21.17M, including a cash incentive of $6.35M, deferred stock of $4.23M and performance share units of $10.58M. 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. The charts on this page feature a breakdown of the total annual pay for the top executives at CITIGROUP INC as reported in their proxy statements. From 2009 to 2013, Jane served as the Chief Executive Officer of Citi's Global Private Bank. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Citigroup CEO Jane Fraser gets $22.5M pay package for 2021 ET, First Horizon warns TD deal may be in limbo, Citi to cut hundreds of investment banking, mortgage, tech jobs: reports, Senators urge Fed, OCC, FDIC and NCUA to keep close eye on Zelle, JPMorgan decries fishing expedition in Epstein case, How Banks are Better Navigating Industry Changes, Winning banking customer service in the COVID era, The rise of imitation banks may lead to regulatory scrutiny, Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts, N26 head of risk quits in escalating leadership crisis, How to Deliver Cost Savings While Improving Service in the Banking World, 2023 Economic Insight & Best Practices in Financial Risk Management, How to Decrease Errors & Fraud in Financial Institutions, Protecting your Financial Institution from Mobile Fraud Schemes in 2023, First Fidelity Bank enters BaaS space with Episode Six partnership, Ohio bank reaches $9M redlining settlement with DOJ, Goldman pins its hopes on asset and wealth management, While her compensation ranks well below industry leaders the CEOs of, Frasers $22.5 million for 2021 is also 18.2% more than the. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Citigroup CEO Jane Fraser Gets $24.5 Million 2022 Paycheck, Up 9% 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 the head of its consumer businesses, the bank disclosed on Monday. Citi picks Jane Fraser as next CEO first woman to lead the bank Musk Made a Mess at Twitter. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. If a company isnt doing well, its board and investors should want the best person to clean it up. See here for a complete list of exchanges and delays. 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 Citi in 2018 chose to reveal raw pay gap data, becoming the first U.S. bank of its size to do so, and it typically posts yearly updates on its progress narrowing the wage gap. Fraser's compensation includes a $1.3 . She has been tasked with simplifying the bank's structure and getting its profitability on par with rivals. Jane Fraser - Net Worth 2021, Salary, Age, Height, Bio, Family, Career. Jane Fraser addresses Brazil-US Business Council forum in Washington, DC in March 2019. These symbols will be available throughout the site during your session. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Before joining Citi, Jane was a Partner at McKinsey & Company. 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. 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. Citigroup CEO Jane Fraser's total pay for 2023 set at $24.5 million (Source: @Citi) By 2019, she is said to have received $17.3 million in total remuneration. As data privacy regulations around the See here for a complete list of exchanges and delays. NEW YORK, Feb 15 (Reuters Breakingviews) - Jane Frasers $22.5 million package for running Citigroup (C.N) embodies a Wall Street pay gap. 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She has been CEO of four Citi units and presently heads up a fifth and the largest, the Global Consumer Bank and is President of the entire company. our Subscriber Agreement and by copyright law. Citigroup Inc. awarded Chief Executive Officer Jane Fraser $24.5 million in pay for 2022, making her the only major US bank CEO to receive a bump in compensation for the year. Morgan Stanleys (MS.N) James Gorman read more and Goldman Sachss (GS.N) David Solomon were paid $35 million each for their work last year. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. JPMorgans Jamie Dimon and Bank of Americas Brian Moynihan were a whisker behind, at $34.5 million and $32 million, respectively. 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. JPMorgans (JPM.N) Jamie Dimon read more and Bank of Americas (BAC.N) Brian Moynihan were a whisker behind, at $34.5 million and $32 million, respectively. Incentives matter too. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Citi boosts Fraser's pay 8.9% to $24.5M | Banking Dive Frasers compensation breaks down to a $1.33 million annual salary, a $6.35 million cash incentive, $4.23 million in deferred stock that vests over four years and $10.58 million in performance share units (PSUs). Half of Frasers non-base-pay compensation derives from the PSUs. Fraser is a 16-year veteran of the bank and held a succession of important leadership roles for marquee divisions at Citi, including serving as the chief executive for the U.S. consumer and. Bank of America boss Brian Moynihan is in line for $32 million. Ms. Fraser received a $1.5 million salary and a $3.45 million cash bonus, according to a. But Fraser starts off on the back foot, thanks to years of value destruction under predecessor Mike Corbat. Citigroup CEO Jane Fraser to get $22.5 million payday - New York Post Create your Watchlist to save your favorite quotes on Nasdaq.com. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Mike Corbat, Citigroup's chief executive, was paid $24m last year. Its the only big U.S. bank stock that fell between Feb. 26, when Fraser took over, and the year end. Citi veteran Jane Fraser has been named Michael Corbat's successor. Vroom reports earnings. All rights reserved. If a company isnt doing well, its board and investors should want the best person to clean it up.