Jane Fraser, chief government officer for Latin American at Citigroup Inc., smiles in the course of the Milken Institute World Convention in Beverly Hills, California, U.S., on Monday, April 29, 2019. The convention brings collectively leaders in enterprise, authorities, expertise, philanthropy, academia, and the media to debate actionable and collaborative options to among the most vital questions of our time. Photographer: Kyle Grillot/Bloomberg by way of Getty Photos
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Citigroup elevated Chief Government Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lender mentioned in a submitting on Tuesday.
Her pay was comprised of a base wage of $1.5 million, money bonus of $3.7 million and $20.8 million in deferred performance-linked inventory, in keeping with the submitting.
Fraser’s compensation was decided by her execution of “the most consequential set of changes to its organizational and management model since the 2008 financial crisis” and the sale of worldwide companies, the financial institution’s board wrote.
Whereas “recognizing that there is substantial additional work to be done,” the board cited Fraser’s work on fixing issues in threat administration to address regulatory punishments that date again to 2020.
Amongst peers on Wall Street, JPMorgan Chase CEO Jamie Dimon’s compensation climbed 4.3%, whereas Morgan Stanley‘s former CEO James Gorman bought pay bump of 17% and Goldman Sachs CEO obtained a rise of 24%.
