Jane Fraser earns $107.5 million as Citigroup CEO
- Jane Fraser, appointed CEO of Citigroup in 2021, has made history as the first woman to lead a major Wall Street bank.
- Since her appointment, she has been compensated with $107.5 million, with her pay increasing significantly over the past year.
- Analysts believe Fraser deserves this compensation, reinforcing her standing in an industry where gender diversity is gaining focus.
In 2021, Jane Fraser made history by becoming the first woman to lead a major Wall Street bank when she was appointed as the chief executive of Citigroup. Her rise to this prominent position has drawn significant attention, particularly because of her substantial remuneration package. According to reports, since assuming the role, Fraser has accumulated substantial earnings amounting to $107.5 million, a figure that has raised discussions regarding the appropriateness of her compensation in the banking sector. Her pay has seen a considerable increase over just a year, surging up to $34.5 million in 2023 from $26 million in the previous year. The notable growth in her pay highlights the financial performance of Citigroup under her leadership and reflects investor confidence in her ability to steer the organization through the complexities of an ever-evolving financial landscape. Fraser's oversight of the bank has occurred during a period of significant scrutiny of executive pay in the finance industry, which has sparked debates about gender, leadership capabilities, and the value of retaining talent in competitive environments. David Buik, a respected commentator in finance, has publicly supported Fraser's compensation, suggesting that her leadership style is aggressive and effective, which justifies her high earnings. He emphasizes that she