jane fraser citi salary

Shareholders dont want to see an executive strike gold when they have not, and investor advisers like Institutional Shareholder Services tend to oppose pay packages out of line with stock returns. read more. To narrow the gap in the raw data, the bank has embarked on an effort to level up to at least 40% the proportion of women in its assistant vice president through managing director roles. 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. Thanks for contacting us. She's the only CEO of a top-six U.S. bank to receive a raise last year. Citigroup reported a 21% decline in fourth-quarter profit in January 2022, which missed forecasts. Incentives matter too. Ms Fraser's total pay in 2021 was $22.5 million. Vroom reports earnings. | 2 p.m. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. This report is not for commercial use. But Frasers firm is less efficient, slower-growing and earns a lower return on equity. Her route to being the first woman to head a top 5 U.S. bank included stops at Goldman and McKinsey. Jane Fraser (executive) - Wikipedia Written by As CEO at CITIGROUP INC, Jane Fraser made $20,541,324 in total compensation. This information is according to proxy statements filed for the 2021 fiscal year. Get the free daily newsletter read by industry experts. From 2009 to 2013, Jane served as the Chief Executive Officer of Citi's Global Private Bank. She took over as the first female chief executive of a major Wall Street bank in February 2021. Do Not Sell My Personal Information (CA Residents Only). If a company isnt doing well, its board and investors should want the best person to clean it up. . This website follows the DNPA Code of Ethics Copyright NDTV Convergence Limited 2023. But Fraser starts off on the back foot, thanks to years of value destruction under predecessor Mike Corbat. 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.

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