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Citigroup CEO Michael Corbat got a 27% raise

Feb 19, 2016, 03:31 IST

Reuters/ Mike Theiler

Citigroup CEO Michael Corbat received a $16.5 million pay package in 2015, according to a regulatory filing.

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That's up 27% from the year before.

Corbat received $9 million in variable compensation, half of which was in deferred stock and half in stock tied to future performance.

He received $6 million in cash and a $1.5 million salary.

Corbat in 2014 got a 10% pay cut to about $13 million from $14.5 million in 2013.

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Bank of America CEO Bryan Moynihan got a 23% raise for 2015, with a total compensation package of $16 million.

Morgan Stanley CEO James Gorman took a 6.7% pay cut for 2015, with $21 million in total.

Goldman Sachs CEO Lloyd Blankfein received $23 million for 2015, down $1 million from the year before, while JPMorgan CEO Jamie Dimon, meanwhile, received $27 million, or a 35% raise.

NOW WATCH: The CEO of this billion-dollar company explains why employees aren't allowed to ask for a raise

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