Michael Corbat has said Citigroup is making steady progress toward higher profitability

Wall Street Editor

Citigroup said it would pay chief executive Officer Michael Corbat $24m for 2019, unchanged from the previous year.

The bulk of Corbat’s pay is in two sets of stock-based compensation that totaled $15.75m for 2019. He was also given a $6.75m cash bonus. His base salary, $1.5m, has been steady since he was promoted to CEO in 2012.

Citigroup keeps CEO Corbat’s pay at $24m

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