Citigroup's shareholders approve 2024 pay for CEO, executives, new shares for grants

NEW YORK (Reuters) -A large majority of Citigroup shareholders has approved CEO's Jane Fraser's 33% pay increase to $34.5 million at a virtual annual meeting held on Tuesday, as well as the compensation for other senior executives. During the meeting, some shareholders questioned the total size of compensation. Citigroup's chairman John Dugan said the board had held management "accountable" by reducing the payment of the transformation bonus in 2024 and said the bonus program will not be renewed.