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Citigroup's Jane Fraser Gets $22.5 Million for First Year as CEO Citi had slashed Corbat's pay by 21% to $19 million for his final year in the job as the pandemic hit the bank's profits and shortcomings emerged in its risk controls. Frasers compensation is less than that previously announced for more experienced CEOs of other big banks, which are more profitable. Before joining Citi, Jane was a Partner at McKinsey & Company. Citigroup Inc. paid new Chief Executive Jane Fraser $22.5 million for her first year on the job. Goldman Sachs Group IncCEO David Solomon and Morgan StanleyCEO James Gorman are both getting $35 million, while Brian Moynihan, CEO of Bank of America Corp, is receiving $32 million. Is this happening to you frequently? Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Jane Fraser talks about the critical role of cross-border data in growing Citi's revenues and future business strategy. On the surface, Citis performance explains the difference. Citis closest peer is JPMorgan, whose share return isnt meaningfully different. - Citigroups board awarded Chief Executive Jane Fraser $22.5 million for running the U.S. bank in 2021, according to a filing on Feb. 14. As CEO at CITIGROUP INC, Jane Fraser made $20,541,324 in total compensation. Far better than ending up as a troubled bank with a demotivated leader. Citigroup CEO Jane Fraser gets $22.5M pay package for 2021 Fraser was Citis president and head of the consumer business for the 2020 pay period. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Vroom reports earnings. That's down from 29% in the first year Citi reported the figures. Jane Fraser's picture. Citigroup's Jane Fraser Bucks Bank Rivals as 2022 Pay Rises to $24.5 Distribution and use of this material are governed by - Citigroups board awarded Chief Executive Jane Fraser $22.5 million for running the U.S. bank in 2021, according to a filing on Feb. 14. Citi's Jane Fraser embodies Wall Street's pay gap | Reuters The Citi Blog - Latest Update on the Future of Work at Citi 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. Citi veteran Jane Fraser has been named Michael Corbat's successor.