February 16, 2018 / 1:28 PM / 4 months ago

Citigroup raises CEO Corbat's pay 48 pct to $23 mln

NEW YORK, Feb 16 (Reuters) - Citigroup Inc raised Chief Executive Officer Michael Corbat's annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations but still fell short of earlier targets.

Directors considered recent progress toward new targets when setting Corbat's pay, according to a public filing on Friday. (Reporting by David Henry in New York)

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