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Keyword: profitdecline

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  • Citigroup CEO Jane Fraser gets pay bump to $26 million after a 38% drop in profits

    02/29/2024 10:09:55 AM PST · by george76 · 10 replies
    Yahoo ^ | Feb 20, 2024 | David Hollerith
    Citigroup CEO Jane Fraser got a 6% pay bump for her performance in 2023, a year the bank's profits dropped 38% and Fraser began a dramatic restructuring that will result in an estimated 20,000 job cuts. The board awarded her total compensation of $26 million, ... The $26 million for Fraser was the lowest among CEO rivals at JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley, who received between $29 million and $37 million. Bank of America's Brian Moynihan was the only CEO among this group to experience a compensation decline. ... Fraser had a lot...