Citi Lifts CEO Jane Fraser's Pay By 22% To Record $42 Million After Stock Surge

Citi has announced a significant pay increase for its CEO, Jane Fraser, with her total compensation rising by 22% to a record $42 million. This decision comes in the wake of a notable surge in the bank's stock performance, reflecting confidence in Fraser's leadership. The pay raise positions her just $1 million shy of the compensation awarded to Jamie Dimon, CEO of JPMorgan Chase & Co., highlighting the competitive nature of executive compensation in the banking sector. Fraser's leadership has been credited with steering Citi through challenging times, and this pay adjustment underscores the board's acknowledgment of her contributions and the bank's improved performance. As Citi continues to navigate the evolving financial landscape, Fraser's compensation package serves as an indicator of the bank's recovery and growth potential, positioning her as one of the highest-paid executives in the industry.