New records

London news

Citigroup reveals pay shake-up as Corbat gets $11.5m for 2012



GLOBAL banking giant Citigroup yesterday introduced a new pay policy for top executives at the firm to more closely align salaries and bonuses with the bank’s performance.

The move, revealed in a regulatory filing yesterday, follows shareholder concerns over payouts which led to the departure of former boss Vikram Pandit after shareholders rejected his pay deal last year. Executive pay used to include a controversial profit-sharing plan, which has now been shelved.

“When our shareholders spoke last year about Citi’s compensation structure, we listened. We have stepped up our efforts to solicit feedback from investors to better understand their concerns,” chairman Michael O’Neill said. Citi said the new executive pay programme would use a “scorecard-based structure” to remove the discretionary nature of pay awards in the past.

In light of the tougher measures, shareholders agreed to award chief executive Michael Corbat $11.5m (?7.5m) for 2012, which included a $4.18m cash bonus and $6.27m of shares.

CATEGORY: Pubs, Bars and Inns

Pages: [1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24]

35 Princes Terrace Ltd. A Agasan ABCO Albion in Goldsmiths Row
Albion Public House All Bar One All Murua & Brian Kahra Allied Domecq Inns
Anchor & Hope Angel & Crown Annie Troullis Antelope Public House
Approach Tavern Army & Navy Public House Arthur Mullan Artichoke The
Barley Mow Bar-risa Bow Bass Leisure Group Ltd. Bass Taverns Ltd
Beaumont Arms Bell The Bentley Freehouse Bernard Lynch
Blind Beggar Bohola House Brewery Tap Brewster Taverns Ltd
Britannia The British Lion Builders Arms Cafe El Paso Ltd.
California Public House Camden Arms Camden's Head Carlsberg-Tetley Brewing Ltd.
Carlton Arms Carpenters Arms Cart & Horses Cauthens Thorley Tavern
Central Station Charles Wells Ltd. Charlies Chesham Arms
City of Carlisle City of Paris Clare Hall The Clutterbucks
Coach & Horses Cock & Comfort (The) Cock Tavern Pub Commercial Tavern
Connor,John Henry, Conquest Inns (Trading) Ltd Cowl,Mel, Cowley Arms
Cretegame Ltd. Crosby Head The De Graag's Wine Bar Delaney,Mr B,
Denmark Arms Dew Drop Public House Dog & Duck Dog & Truck
Downs Hotel Drummonds On The Quay Duke of Cambridge Duke Of Clarence The
Duke of Devonshire Duke Of Wellington Duke Of Wellington The Dukes Head Public House
E Caro Eagle Eagle Gallery Earl of Derby
Earl of Essex Essex Arms Exmouth Arms Fabric London Ltd.
Ferry House Firkin Brewery Ltd (The) First & Last The Flightrealm Ltd
Fountain Public House Fox & Hounds Fox and Hounds Fran,Tony,
Frank Alvey Freddies Freemasons Arms Fullswing Ltd.
Gala Holdings Ltd. George Reynolds Golden Grove Golden Shoe
Goose & Granite Go-Val Off Licence Greene King Plc Greengate The