Wall Street’s most powerful woman is getting a $26 million salary
The New York-based bank awarded Fraser a base salary of $1.5 million and $24.5 million in stock and cash bonuses, according to the lender’s filing.
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TechTranscript
00:00 Citigroup CEO Jane Frazier has received a 6% pay raise to $26 million, according to a new filing.
00:06 The bank's profits fell almost 40% last year, but Citigroup defended Frazier's pay increase, saying it was based on her strategy.
00:12 They said she has made the most important set of changes to its company and management model since the 2008 financial crisis.
00:19 According to a filing, Frazier's base salary is now $1.5 million, with $24.5 million in stock and cash bonuses.
00:25 But believe it or not, she is still technically underpaid in the industry.
00:29 JP Morgan CEO Jamie Dimon is paid $36 million, and Goldman CEO David Solomon saw a pay raise to $31 million, leaving Frazier the worst paid out of her peers.