NEW YORK Feb 28 Citigroup Inc (C.N) has paid
four of its top executives, excluding Chief Executive Vikram
Pandit, a combined $42.2 million in 2010 compensation,
according to a regulatory filing filed on Monday.
Chief Financial Officer John Gerspach received $7 million
in cash and stock salaries as well as long-term restricted
stock awards for compensation last year, Citigroup said in a
filing with the U.S. Securities and Exchange Commission.
Chief Operating Officer John Havens was paid $14.25
million, while Manuel Medina-Mora, head of consumer banking for
the Americas, received compensation of about $12 million and
Michael Corbat, head of Citi Holdings, received $9 million.
Pandit pledged in 2009 to take an annual salary of $1 until
the bank returned to sustained profitability. In January,
Citigroup's board raised his salary to an annual base of $1.75
million after Citigroup reported its first full-year profit
(Reporting by Soyoung Kim; Editing by Gary Hill)