Citigroup's Jane Fraser was awarded $34.5 million for her work running the banking giant in 2024, a roughly 33% raise. The bank's board of directors said that Fraser is "promptly and thoughtfully" executing her vision to transform Citi.

Citigroup said on Tuesday it had set Chief Executive Officer Jane Fraser's 2024 compensation at $34.5 million, 33% more than the previous year. The compensation includes $1.5 million of base salary, $4.

Fraser’s pay, the vast majority of which comes in stock-linked awards, is up from the US$26 million she received for 2023.

Citigroup's (C) board awarded CEO Jane Fraser a 2024 pay package totaling $34.5M, up 33% from the $26.0M she received in salary and incentive compensation for 2023.

Citigroup said on Tuesday it had set Chief Executive Officer Jane Fraser's 2024 compensation at $34.5 million. The compensation includes $1.5 million of base salary, $4.95 million in cash incentive and the rest in deferred incentives,