'It Doesn't Look Good': Lawmakers Grill Bank CEOs on Lavish Pay

The seven big bank CEOs who testified on Capitol Hill Wednesday morning are facing pressure over their lavish compensation. In an exchange between New York Democrat Nydia Velázquez and Citigroup CEO Michael Corbat, Velázquez asked Corbat to defend the fact that his $24.2 million yearly salary for 2018 was 486 times his own company’s median worker salary at $49,466. “I don’t think that’s fair for me to judge,” Corbat said...
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