Citigroup raised Chief Executive Michael Corbat’s pay by an estimated 27% in 2015, a year in which the bank’s profit more than doubled.
Corbat earned an estimated $16.5 million in 2015, including deferred shares worth about $4.5 million. He earned $13 million in 2014.
Deferred stock makes up about 30% of Corbat’s bonus pay under Citi’s executive compensation plan, which was overhauled three years ago amid shareholder pressure.
