Corbat earned an estimated $14.1 million in 2013
under Citi's executive pay structure, which the company
overhauled last year amidst shareholder pressure. He had
received a salary of $11.5 million in 2012.
According to the regulatory filing, Corbat received deferred
stock worth about $3.78 million based on the stock's Thursday
The deferred stock makes up 30 percent of Corbat's bonus pay
under the new compensation plan. He is paid $1.5 million in base
Corbat's 2013 pay is roughly in line with Bank of America Corp's
<BAC.N> chief, whose salary details were disclosed in a filing
JPMorgan Chase & Co's <JPM.N> Jamie Dimon received about $20
million for 2013, including $18.5 million of restricted stock.
Citi, the third-largest U.S. bank, posted weaker-than-expected
fourth-quarter results last month, as lackluster bond-trading
results weighed on overall revenue.
(Reporting by Aman Shah in
Bangalore; editing by Eric Walsh)
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