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Michael Corbat, hunting for revenue seven months into his tenure as chief executive officer of Citigroup Inc., said the improving U.S. housing market and declining unemployment won’t ignite the nation’s economy unless companies start spending.
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Citigroup Inc. shareholders, who rejected the bank’s 2011 compensation plan, voted in favor of the latest round of payouts after the lender said it overhauled rewards for top executives.
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The chief executive officers of software developer Oracle Corp. and watchmaker Fossil Inc. both work for a salary of a dollar or less a year. The only difference: $96.2 million.
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Citigroup Inc. Chief Executive Officer Michael Corbat said the bank manages risks in a way that would avert the multibillion-dollar losses JPMorgan Chase & Co. suffered in its chief investment office.
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With a Ziggy Stardust haircut and gym-rat pecs bursting through a punk-perfect leather jacket, the Leonardo of “Da Vinci’s Demons” could pass for a judge on “The Voice.”
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JPMorgan Chase & Co. investors risk shortening Jamie Dimon’s tenure as chief executive officer if they appoint a separate chairman to help lead the bank, according to Charles Peabody, an analyst at Portales Partners.
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Citigroup Inc. paid a hedge-fund manager with a doctorate in finance more than $200 million over five years to save the bank from the brink of collapse. Now it’s turning to a former Harvard football lineman to run it better.
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Citigroup Inc. Chairman Michael O’Neill acquired $1 million of the lender’s stock about a month after the ouster of Chief Executive Officer Vikram Pandit.
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Citigroup Inc. executives stand to collect $579 million under profit-sharing plans that include the one shareholders voted against last year.
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Citigroup Inc. Chairman Richard Parsons, who helped the bank become a behemoth that almost collapsed in the financial crisis and then led its recovery, will be replaced by fellow director Michael O’Neill.
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