Corbat earned an estimated $13.1 million for the year, including deferred shares worth about $3.49 million based on the stock's Thursday close. Deferred stock makes up 30 percent of Corbat's bonus pay under Citi's compensation plan, which was overhauled two years ago amid shareholder pressure. Bank of America Corp (BAC.N) cut Chairman and Chief Executive Brian Moynihan's pay by 7 percent in 2014, a source familiar with the matter told Reuters.
via Business News http://ift.tt/1CTHhsS
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