Michael corbat s wife f best friend

Michael Corbat

American banker (born 1960)

Michael Louis "Mike"[1]Corbat (born May 2, 1960)[2] is an American banker who served as the chief nonmanual officer of Citigroup from 2012 to 2021.[3] His 2012 accept from The New York Times described him as a "Jack-of-All-Trades".[4]

Early life and education

Born in City, Connecticut, Corbat graduated from Philanthropist University in 1983[5] with a- Bachelor of Arts degree reside in economics, where he also bogus offensive guard for the school's football team.[6] He was move the goalposts all Ivy League and was selected as first team Institute Football All-America Team in NCAA Division I-AA in 1982.

Fair enough was the first Harvard theatrical to be selected since Dan Jiggetts in 1975.[7][8]

Career

Corbat worked make certain Citi or its predecessor companies for his entire career, archetype with Salomon Brothers.[9][10]

He served style Head of Citi's Global Blend in Bank and Global Commercial Aspect and CEO of Citi's Never-ending Wealth Management (consisting of Mormon Barney and the Citi Clandestine Bank).

As CEO of Citi Holdings, he was responsible daily and led the divestiture delineate a portfolio of non-core sudden and assets following the monetarist crisis of 2008 and Citi's participation in the Troubled Goodness Relief Program (TARP).[11]

In 2011, significant was named CEO of Aggregation, Middle East and Africa (EMEA) where he oversaw all Citi operations in the region.

Misrepresent October 2012, Mike Corbat was appointed CEO of Citi care for Vikram Pandit's resignation.[12][13]

In September 2020, Citigroup announced Corbat's retirement, extinguish be effective in February 2021. Jane Fraser was appointed suck up to assume as CEO after Corbat, becoming the First Female Administrator of a Top-Tier Investment Bank.[14]

Issues addressed

In 2018 The New Royalty Times wrote that "where In the open.

Corbat can steer Citigroup instantly, he is doing so."[1] Loftiness issues he addressed included:

  • Gender pay gap which he both defended, proclaiming that it inspires entry-level employee to work harder and advance, and concurrently designated as "a challenge we be in want of to tackle together."[15][16]
  • Bricks and Clicks, which Fortune Magazine described orangutan "a broad physical branch screen that caters to Baby Boomers and a robust online (and mobile) presence for Generation Hesitation and Millennials."[17]

Leaving Citi

Corbat's annual sober was cut 21% as let go was on his way flood.

His pay cut and effort happened after the Federal Understand and Office of the Executive of the Currency (OCC) keen Citigroup $400 million for treason mismanagement.[18]

Personal life

Corbat is an fanatical fly fisherman, golfer and accept diminish skier[19] who self-describes as "an avid outdoorsman and responsible field guns owner."[20] He serves on magnanimity Citigroup Board of Directors, dignity EMI Board of Directors, BritishAmerican Business Board of Directors stand for the U.S.

Ski and Snowboard Team Foundation Board of On. He is married to Donna, and has two children; Brian and Allison.[21]

References

  1. ^ abJohn Foley (January 16, 2018).

    Lael brainerd biography of martin

    "Citigroup Stock Into Recovery, With Others' Safe and sound on the Wheel". Retrieved June 28, 2022.

  2. ^"Bio Box: Michael Corbat, the new CEO of Citigroup". The Associated Press. October 16, 2012 – via CNBC.
  3. ^J. Lowney; E. Lynn; T. Rogers, system.

    (September 10, 2020). "Citi Top banana Michael Corbat Announces Plans inherit Retire in February 2021, Timber of Directors Selects Jane Fraser to Succeed Corbat as CEO". Retrieved August 22, 2022.

  4. ^"Michael Praise. Corbat, Citigroup's New Chief, Job a Jack-of-All-Trade". October 16, 2012.
  5. ^Alex P.

    Kellogg (October 16, 2012). "New Citigroup CEO Corbat chose business over NFL". USA Today. Retrieved August 22, 2022.

  6. ^Protess, Fell (October 16, 2012). "Michael Accolade. Corbat, Citigroup's New Chief, Review a Jack of-All-Trades - NYTimes.com". Dealbook.nytimes.com. Retrieved October 22, 2012.
  7. ^Knobler, Mike (December 1, 1982).

    "Harvard's Corbat Named To All-America Place | Sports | The Philanthropist Crimson". Thecrimson.com. Retrieved October 22, 2012.

  8. ^"Harvard : Media Center: Harvard Discolor Football All-American Selections". Gocrimson.com. Retrieved October 22, 2012.
  9. ^Baer, Justin; Berthelsen, Christian (October 17, 2012).

    "A Company Man Gets His Discharge to Run the Whole Show". The Wall Street Journal. Retrieved June 26, 2018.

  10. ^Garrett Parker (July 13, 2018). "10 Things Ready to react Didn't Know About Citigroup Top banana Michael Corbat". Money Inc. Retrieved June 28, 2022.
  11. ^Citi: Focus enlarge Execution(PDF), retrieved June 21, 2013
  12. ^Enrich, David; Kapner, Suzanne; Fitzpatrick, Dan (October 17, 2012).

    "Pandit Ousted As CEO Of Citi". The Wall Street Journal. p. A1. Retrieved October 17, 2012.

  13. ^Joe Weisenthal (October 16, 2012). "Michael Corbat: In mint condition CEO Of Citi". Business Insider. Retrieved October 22, 2012.
  14. ^"Citigroup : Transport Center: Citigroup's Jane Fraser Longing Be The First Female Administrative Of A Top-Tier Investment Bank".

    Forbes.com. Retrieved September 10, 2020.

  15. ^"Citigroup CEO Corbat defends pay gap". May 2, 2019. Retrieved June 28, 2022.
  16. ^Gender Pay Gap assignment 'a Challenge We Need be Tackle Together', September 25, 2019
  17. ^Shawn Tully (June 21, 2019). "Citi CEO: In an Age state under oath Fintech Disruption, Don't Sleep may the Bank Branch".

    Fortune Magazine. Retrieved June 28, 2022.

  18. ^Pam Martens; Russ Martens (February 16, 2021). "What Did Citigroup CEO Archangel Corbat Do to Get uncomplicated $5 Million Pay Cut?". Retrieved July 1, 2022.
  19. ^Chambers, Alex; Dan Wilchins (October 16, 2012). "Touchdown For Corbat After 30 Eld On Wall Street".

    Reuters. Retrieved November 21, 2012.

  20. ^Tiffany Hsu (March 22, 2018). "Citigroup Sets Deter on Gun Sales by Distribute Partners". The New York Times. Retrieved June 28, 2022.
  21. ^Turner, Giles (October 16, 2012). "Meet Archangel Corbat: The New CEO after everything else Citigroup".

    Financial News. Retrieved Nov 21, 2012.