Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020.
Adam Galica | CNBC
Citigroup CEO Michael Corbat said the bank will send $1,000 awards to some employees to compensate them for the “financial burden” of working during the coronavirus pandemic.
“We are going to provide more than 75,000 colleagues globally with a special compensation award to help ease the financial burden of this situation,” Corbat said Monday in a memo to staff. “In the U.S., an award of $1,000 will be provided to eligible colleagues who make $60,000 or less in base salary. Outside the U.S., the special award will be based on local market compensation…