Citigroup, amid layoffs, gives CEO Jane Fraser bigger pay raise than Jamie Dimon
Citigroup Inc. has increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million in 2023, the financier said in a Tuesday filing. Her salary consisted of a base salary of $1.5 million, a cash bonus of $3.7 million and deferred performance shares of $20.8 million, according to the filing. Mr. Fraser’s compensation […]
Citigroup CEO Jane Fraser begins plan to ax 20,000 jobs after dismal Q4: sources
Citigroup Chief Executive Jane Fraser held a conference call Thursday with managing directors to announce a sweeping overhaul of the bank that will cut more leadership roles starting this week, two people familiar with the situation said. We talked about it. Managers in the markets, risk and investment banking divisions will be let go as […]