Michael Corbat

Quick Facts

Full Name	Michael Corbat
Occupation	Chief Executive Officer
Date Of Birth	May 2, 1960(1960-05-02)
Age	64
Birthplace	Bristol
Country	United Kingdom
Birth City	England
Horoscope	Taurus

Michael Corbat Biography

Michael Corbat is one of the most popular and richest Chief Executive Officer who was born on May 2, 1960 in Bristol, England, United Kingdom.

Born in Bristol, Connecticut, Corbat graduated from Harvard University with a B.A. in economics where he also played offensive guard for the school’s football team. He was two time all Ivy League and was selected as first team College Football All-America Team in NCAA Division I-AA in 1982. He was the first player to be selected since Dan Jiggetts in 1975.

Corbat has worked at Citi or its predecessor companies for his entire career, starting with Salomon Brothers. He has served as Head of Citi’s Global Corporate Bank and Global Commercial Bank and CEO of Citi’s Global Wealth Management (consisting of Smith Barney and the Citi Private Bank). As CEO of Citi Holdings, he was responsible for and led the divestiture of a portfolio of non-core business and assets following the financial crisis of 2008 and Citi’s participation in the Troubled Asset Relief Program. In 2011, he was named CEO of Europe, Middle East and Africa (EMEA) where he oversaw all Citi operations in the region. In October 2012, Mike Corbat was appointed CEO of Citi after Vikram Pandit’s resignation.

Michael Corbat Net Worth

Michael Corbat is one of the richest Chief Executive Officer from United Kingdom. According to our analysis, Wikipedia, Forbes & Business Insider, Michael Corbat 's net worth $5 Million. (Last Update: December 11, 2023)

Michael Louis Corbat (born May 2, 1960) is an American banker and the current chief executive (CEO) of Citigroup, a position he has held since October 2012.

Height, Weight & Body Measurements

Michael Corbat height Not available right now. Michael weight Not Known & body measurements will update soon.

Who is Michael Corbat Dating?

According to our records, Michael Corbat married to Donna Corbat. As of December 1, 2023, Michael Corbat’s is not dating anyone.

Relationships Record : We have no records of past relationships for Michael Corbat. You may help us to build the dating records for Michael Corbat!

Facts & Trivia

Michael Ranked on the list of most popular Chief Executive Officer. Also ranked in the elit list of famous people born in United Kingdom. Michael Corbat celebrates birthday on May 2 of every year.

Where is Michael Corbat now?

In October 2012, Mike Corbat was appointed CEO of Citi after Vikram Pandit’s resignation. In September 2020, Citigroup announced Corbat’s retirement, to be effective in February 2021.

What is Mike Corbat salary?

(Reuters) – Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat’s compensation for 2020 would be $19 million , a 21% decrease from 2019, according to a regulatory filing.

Why did corbat retire?

But he struggled to do so at times, and that resulted in a focus on keeping costs down. “Infrastructure spending was a choice,” said one of the people with knowledge of the situation. “Mike opted to deliver a better operating ratio rather than invest in the infrastructure.”

Who was CEO before Michael Corbat?

Then CEO Vikram Pandit quit just after a board meeting. Directors, anxious about the bank’s recovery from the financial crisis, called on Mr. Corbat, who had developed a reputation as a fix-it man. The announcement the following morning stunned the financial world in its abruptness.

How much does the CEO of Citibank make?

Citigroup Inc. C -2.10% paid new Chief Executive Jane Fraser $22.5 million for her first year on the job. Ms. Fraser, who became chief executive on March 1, 2021, was given a salary of $1.33 million and a cash bonus of $6.35 million.