Bloomberg News reports that Forese, 51, who oversees trading, investment and private banking, got deferred stock and performance-share units valued at about $8m in total, and $5.3m in cash, according to a regulatory filing Friday.
He drew a $475,000 salary. Corbat, 54, received a bonus of about $11.7m and a salary of $1.5m, according to filings.
Citigroup’s board cut Corbat’s pay 9% to about $13.2m for 2014, a year when the firm disclosed a $400m loan fraud and had plans for a dividend increase scrapped by the Federal Reserve. Forese increased net income at the institutional-clients group by 1% last year to $9.4bn.
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