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Citigroup, Bank of America Cut CEO Pay

wsj.com

Citigroup Inc. and Bank of America Corp. said Friday they had slashed their CEOs’ 2020 pay. At Citigroup, the bank cut Chief Executive Michael Corbat’s pay 21% to $19.04 million, citing a consent order that regulators slapped on the bank in October. The bank reduced other executives’ pay for the same reason, saying they shared responsibility for the problems...

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