The fee includes a bonus worth U.S. $ 4.18 is also in the form of cash and shares reserved for employees at U.S. $ 3.14 million.
Earlier, the shareholders refused to provide compensation valued at U.S. $ 15 million for the previous CEO Vikram Pandit. Moreover, the package plus long-term incentives that could have amounted to more than U.S. $ 40 million.
"When shareholders talk about compensation structure Citi last year, we listen and try to formulate," Chairman Michael O'Neill, who also heads the compensation committee of the board of directors of Citigroup.
According to him, the results of shareholder meetings, Citi will introduce a new compensation structure that is considered better reflect the performance of the bank, pay attention to risk management, more competitive and in accordance with regulatory standards.
Financial giant Uncle Sam's origin also provide compensation in the form of shares worth U.S. $ 30 million to the board of directors other based on the closing share yesterday (21/2) at a price of U.S. $ 42.35 per effect.
Citibank, the largest bank in the U.S. finished third in 2012 reported earnings of U.S. $ 7.54 billion.
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