https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/citigroup-s-cfo-mark-mason-reclaims-spot-as-highest-paid-bank-cfo-in-2022-77211999
7 replies (most recent on top)
The power of DEI hiring.
Citi is cooked. Only in this cr-p hole does the CFO pay himself this much when we are last in most financial metrics for all banks. You can't make it up. But yeah, terminate the lower paid staff.
And he completely whiffed on forecast
"The bank said its fourth-quarter results, scheduled to be released Friday morning, were impacted by $880 million in currency conversion losses from the peso and $780 million in restructuring charges tied to CEO Jane Fraser’s corporate simplification project.
Those charges are significantly larger than the “couple hundred million dollars” apiece that CFO Mark Mason told investors to expect at a Dec. 6 conference hosted by Goldman Sachs."
Great job! You deserve a raise while we lay thousands off and stiff Clark Grizwald out of his bonus (no swimming pool for you)
Citi and Wells Fargo on top of the table. There might be some clues there....
That’s easy to understand. Remember when Jane gave herself a 23 million dollar raise? He took a page from the Jane Fraser playbook and BAM!!!! For him its raining money whether its deserved or not, you know….like Jane.
How is it possible that Citi has the highest paid CFO and yet ranks well below their peers in almost every, if not all, category!?
you can't make that up lol!