Citigroup is offering company head Sanford “Sandy” Weill $28.6 million in salary and bonuses for 2000, almost twice what he received in 1999.
Reuters news service reported the increase based on a filing last week with the U.S. Securities and Exchange Commission.
According to that report, Weill, the company’s chairman and chief executive officer, received $1 million in salary, a bonus of $18.5 million, $8.7 million in restricted stock awards and $449,404 in other compensation. His total 1999 package was $15.5 million.
In 2000, Citigroup had a capitalization of $256 billion and saw record earnings of $14 billion.
Topics Talent
Was this article valuable?
Here are more articles you may enjoy.
AM Best Downgrades State Farm Mutual Auto 
Single Loose Wire Led to Blackout That Caused Dali Crash Into Baltimore Bridge 
Florida Approves 6.9% Average Cut in Workers’ Comp Rates But Roofers Are Worried 
Estimate to Rebuild Baltimore’s Key Bridge Doubles to $5 Billion 
