So glad she gets a 32% increase. Whew….I can rest better now.
Citigroup Chief Executive Jane Fraser will take home total compensation of $22.5 million for 2021 — a nearly 32% increase from the previous year
https://nypost-com.cdn.ampproject.org/c/s/nypost.com/2022/02/14/citigroup-ceo-jane-fraser-to-get-22-5-million-payday/amp/
Citi discloses 9 billion in Russia exposure:
https://www.bloomberg.com/news/articles/2022-02-28/citi-discloses-9-8-billion-russia-exposure-amid-sanctions-war
Jane is definitely riding the wave. I have a feeling there’s a book in the making right now.
First woman CEO, pushing ESG more than anyone else. Forget the focus on the company revenue or making the stock price move up, none of that matters.
Usually what’s done, is you focus on growth and sustainability, then you follow whatever moral stand you want to go. After all you have to pay your people but no, not Citi, we have a different plan. Everyone knows when you go ESG the money just automatically pours in. It just all magically happens. Jane will be known for driving the business even further into the ground but she’ll try to overshadow that with “…but I’m the first woman CEO and focus on ESG so it all even outs right?…” all the while Citi will be bought out by another bank because we can’t stand on our own. Her book will hit the shelves capped with a title of “How I succeeded in big business”
Rather than waiting for things to get better: https://www.thelayoff.com/t/1fyS8D33
I’ve worked at 4 other large companies, this is the worst when it comes to work vs reward.
This ship is ssss….iiiii….nnnnn….kkkkkk……iiii…..nnnnn……gggggg.
No direction, no vision, employees are treated poorly, pay is minimal to average at best, perks well there are none, benefits are average, silo’d work with no room to grow, raises are sparse as are bonuses. To top it all off, someone made the genius move to bring everyone back into the office right at the time that inflation rises. More money to be spent on gas, food, dry cleaning, etc…..brilliant out of the box thinking on that one.
I’m a hardcore koolaid drinker and will bust my @ss in order to make things work so long as there is a clear path. Now, I’m not so sure. Once you filter past all the buzz words and look at “the plan” at its core, there’s not much there. So I waiver in my company faith.
I beg you, give me something to work with. Environment, ESG etc… is a morale stance an obligatory stance and does not equate to solid financial growth. Citi, I need you to provide me with something else of substance, a plan, a direction of growth and stability.
I don’t know anyone in Citi who can clearly define the direction we are going in. You get the ESG yada…yada….but beyond that you get a vague picture.
“We are going to do stuff and be involved in things and our plan to get there is….the right people…..the right places….with the right focus…..with the right infrastructure….for the stuff and things we are going to be almost maybe looking into sort of”
Lol
I agree. I had a friend who’s business was selling furniture and business was slow. He advertised that he was ESG friendly with a low carbon footprint. All of a sudden business was booming. People would just open the door and say “Hey, since you’re ESG friendly with a low carbon footprint, here’s $100.00. I don’t want anything, I just want to give you my money.” The same will happen for us now. It’s’ just a matter of time.
You guys underestimate her. You’ll see. Once everyone realizes that we are both ESG and Carbon footprint friendly, they will all be clamoring for Citi business. The money will just start pouring in. It’s basic economics and is one of the cornerstones of any business success.
What we really need is 2-5 emails per day over Citi ESG developments. If we could just double down even more on this communique, then our revenue would start flowing in and stock price would rise. I just know it. You can find it on page 14 of the JF playbook.
You go, girl! Prove that gender makes no difference on a sinking ship.
She thinks that somehow that being hardcore ESG as the only tool in the toolbox will somehow save us. It’s a delay tactic much like a re-org. If you can’t think of anything else to do, re-org, it buys you time until you can think of something else to present to the board.
As I look at the company stock and the progress its made over this past year, nope, not impressed but hey, she got her $22 million in the bank, that’s all that matters.
JF just spouts gibberish and is not a leader. just a mild concussion away from eating applesauce in a highchair
I’m not opposed to a huge raise or bonus so long as the stock price reflected that she warranted such. Compared to other banks, I see no Citi stock price upward trend and no decent dividend payouts. ESG initiative for the company and selling off chunks of the bank and that’s it. Does she deserve it? Not that I can see.
And here all this time I thought that Jane was really a HE……….
I received a 2.5% increase and extra responsibilities. She received a 32% increase. Outstanding!
I think we should give her more money for quite the checklist given. We should double the salary in fact. Nothing like rewarding rock solid metrics is what I say.
Bless your heart. This must be so traumatic for you.
This….is…..freaking…..awesome. LMFAO!!!!
So Citi typical. Slicing off chunks of the company to make the balance sheet look good, there’s no actionable item to make the stock go up, can’t think of anything beyond ESG, gave away 900 million, fined 400 million……and….wait for it…..wait for it……BAM!!!!!
Here’s your 22 million $ reward plus options for a job well done.
That’s so great that she’s given such a financial umbrella for the stock flatlining compared to other banks.
Why that’s just great….really awesome to see this as the company spirals downward. Just freaking awesome.