Did the Citigroup CEO Get a Raise?
Yes. Jane Fraser's total compensation rose 2% to $13.3M in 2012, from $13.0M in 2011, per Citigroup's SEC DEF 14A filings.
This page answers a common executive-compensation question: Did the Citigroup CEO Get a Raise?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Jane Fraser Pay: 2011 → 2012
- 2012 total comp
- $13,320,000
- 2011 total comp
- $13,040,000
- Change ($)
- +$280,000
- Change (%)
- +2%
Source: Citigroup SEC DEF 14A proxy statements, 2011 and 2012 Summary Compensation Tables.
In its latest proxy statement, Citigroup reported Jane Fraser's 2012 total compensation at $13,320,000 — up $280,000 (2%) from $13,040,000 in 2011. The biggest single driver was stock awards, which rose $140,000.
Across the disclosed history, Jane Fraser's total pay has run: 2009, $30.0M; 2010, $15.5M; 2011, $13.0M; 2012, $13.3M. CEO compensation is lumpy year to year because equity grants — the largest component — are often awarded in multi-year blocks rather than evenly, so a single year's jump or drop can reflect grant timing as much as a change in pay philosophy.
Whether a raise is warranted ties back to performance: Citigroup posted a 15.7% three-year total shareholder return on 4.2% revenue growth, and the package carries a CEOPay Pay-for-Performance grade of A (80/100).
Compensation Detail
| Component | Amount |
|---|---|
| Total Compensation | $13,320,000 |
| Base Salary | $1,332,000 |
| Stock Awards | $6,660,000 |
| Option Awards | $1,598,400 |
| Non-Equity Incentive | $1,998,000 |
| CEO-to-Worker Pay Ratio | 205:1 |
| Pay-Performance Grade | A |
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Frequently Asked Questions
Yes. Jane Fraser's total compensation rose 2% to $13.3M in 2012, from $13.0M in 2011, per Citigroup's SEC DEF 14A filings.
Jane Fraser, CEO of Citigroup, earned $13.3M in total compensation in 2012, including $6.7M in stock awards and $1,332,000 in base salary.
In 2012, total compensation of $13,320,000 was composed of $1,332,000 base salary, $0 cash bonus, $6,660,000 stock awards, $1,598,400 option awards, and $1,998,000 in non-equity incentive compensation.
Our Pay-for-Performance Score rates Citigroup as A (80/100), based on three-year total shareholder return of 15.7%, revenue growth of 4.2%, and shareholder say-on-pay vote approval.
Jane Fraser is the chief executive officer of Citigroup (C).
More about Citigroup
Yes. Jane Fraser's total compensation rose 2% to $13.3M in 2012, from $13.0M in 2011, per Citigroup's SEC DEF 14A filings.
Source: SEC EDGAR DEF 14A proxy statements, 2026.