Michael Corbat

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Michael Corbat - Total results - 6
Citigroup names Jane Fraser as next CEO; 53-yr-old will become first woman to lead a Wall Street bank
World

Citigroup names Jane Fraser as next CEO; 53-yr-old will become first woman to lead a Wall Street bank

Fraser is currently head of Citi's global consumer banking division, a major part of the bank that oversees checking and savings accounts

Citigroup's new chief launches first salvo: Cuts 11,000 jobs
Business

Citigroup's new chief launches first salvo: Cuts 11,000 jobs

The cuts are Chief Executive Michael Corbat's first major steps to reorganize the company since he took the reins in October after directors pushed out his predecessor, Vikram Pandit.

Revamping Citi is biggest struggle for repairman O'Neill
Business

Revamping Citi is biggest struggle for repairman O'Neill

O'Neill, who hand-picked new CEO Michael Corbat, has an uphill task ahead of him. Citigroup is groaning under $171 billion of assets it wants to shed, has high expenses, and its profitability lags behind that of such competitors as JPMorgan Chase & Co

Unlike Pandit, new Citi CEO Corbat to promote execs from within
Business

Unlike Pandit, new Citi CEO Corbat to promote execs from within

Corbat has said he will take the next several weeks to review the reporting structure, but names of potential candidates in what could be a round of reshuffling atop the third largest US bank are already beginning to surface among insiders.

Pandit's successor Corbat to take home $1.5 mn base pay
Business

Pandit's successor Corbat to take home $1.5 mn base pay

Corbat's salary is lower than Pandit whose base pay touched $ 1.75 million in 2011. Pandit's overall compensation was more than $ 14.86 million in 2011.

Vikram Pandit may leave Citi without big exit package
Business

Vikram Pandit may leave Citi without big exit package

Vikram Pandit may leave Citigroup Inc without a rich exit package, compensation experts say, although final terms of his departure likely will not be known for several days.