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- Citigroup CEO Jane Fraser received a 6% compensation increase in 2023, totaling $26 million.
- The raise comes as Citigroup plans to cut 20,000 jobs over the next few years.
- Fraser's salary remains lower than her male counterparts at other major banks.
Citigroup CEO Jane Fraser received a 6% pay boost in 2023, a new SEC filing shows, as the banking giant prepares to slash thousands of jobs over the next few years.
Fraser received $26 million in 2023; most of her pay comprised performance-based stocks and cash incentives. According to the filing, Citigroup concluded that Fraser implemented the "most consequential set of changes to its organizational and management model since the 2008 financial crisis."