 "Citigroup CEO Michael Corbat earned 369 times average employee in 2017")
Citigroup Inc Chief Executive Michael Corbat's annual pay for 2017 was 369 times the median annual pay of all employees, the bank said in a regulatory filing.
Corbat's annual total compensation was $17.8 million while the median annual total compensation of all Citi employees was $48,249, the bank said in the filing.
The bank in February announced that it had raised Corbat's annual compensation by 48 percent for 2017, a year in which the bank made more money from operations but still fell short of earlier targets.
The change in Corbat's pay compares with annual raises of 5 to 20 percent for other Wall Street bank chief executives.
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