Citigroup pays new CEO Corbat $12.4M ...

Citigroup pays new CEO Corbat $12.4M in 2012

There are 2 comments on the story from Mar 15, 2013, titled Citigroup pays new CEO Corbat $12.4M in 2012. In it, reports that:

That's 17 percent less than the $14.9 million his predecessor, Vikram Pandit, received in 2011.

Join the discussion below, or

Shane H

Appleton, WI

#1 Mar 15, 2013
I know a lot of people that have problems with executives that make such huge sums, but fail to see the big picture. These same people will cheer an athlete that makes twice that?? For playing a sport? This while some executives are responsible for the livelihood of thousands of people and the income of thousands of shareholders? And no, I'm not one of them. Actually doing the math, my salary is 0.39% of that.
The Fixer

New York, NY

#2 Mar 18, 2013
Here's the thing:

An athlete that fails to perform, or repeatedly makes mistakes that cost his team victory won't be able to receive the large salary, nor will he be able to expect an increase pay, nor will he be able to expect that another team will trade for him/sign him to a new contract.

A CEO on the other hand can repeatedly fail, can repeatedly make mistakes, or allow mistakes to be made at his company that cost his company profits and his shareholders return on investment.

Also, the CEO, unlike the athlete when booted has typically enjoyed a 'golden parachute', where they receive millions upon millions of dollars after having failed so miserably that there was no choice but to get rid of him.

I can't think of any CEO that showed, through his actions in conducting business, that he cared more for the employees of his company or the shareholders in the company MORE than his own wallet.

If you can cite one and also cite the proof, I'd be happy to review it.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Financial Services Discussions

Title Updated Last By Comments
News Lawsuit Alleges Illegal Debt Collection Practic... (May '07) Fri Enforce FARA 321
News Dollar Tree, Inc. (DLTR) Research Coverage Star... Nov 15 Missy 1
citizen trust loan offer Nov 15 citizen trust 1
News Northern Trust Corp Sells 243,073 Shares of Low... Nov 11 bob and weave 1
News McNeal found guilty of second degree felony rob... (Apr '10) Nov 10 The Wife 26
News The geopolitical implications of renewable energy Nov 8 Solarman 1
News Bill Ackman Blasts Boardroom Election Rules Ahe... Nov 6 gfdhgmjh 1
More from around the web