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Citigroup CEO Corbat takes home $17.6 million in the first full year on the job

Citigroup CEO Michael Corbat was paid $17.6 million last year, his first full year on the job. That's an increase of almost 42 per cent from his $12.4 million compensation package in 2012, when he was promoted to the position of CEO in October, replacing Vikram Pandit. Before getting the top job at Citi, Corbat was in charge of the bank's operations in Europe, the Middle East and Africa.

Citigroup may add three new directors, chairman says

By David Henry NEW YORK (Reuters) - Citigroup Inc <C.N> may name as many as three more directors to its 11-member board to add skills and share the work load, Chairman Michael O'Neill said on Thursday. O'Neill, speaking at a conference on corporate governance, said he is not "totally satisfied that we have all of the right skills" on the panel and that he is working to bring people with additional knowledge.

Shares in India's JM Financial soar on Pandit stake buy

Shares in India's JM Financial Ltd jumped nearly 17 percent Friday after the group said former Citigroup chief executive Vikram Pandit was buying a stake in the financial services company. After reaching the day's high in morning trade, JM Financial's shares closed up 13.38 percent at 26.70 rupees. The group announced Pandit's strategic investment late Thursday and said he would also become the non-executive chairman of a proposed bank if its licence is approved.
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