New Citigroup Hire Lands $30 Million Pay Deal
Trauber, whom Citigroup poached from Swiss bank UBS (UBS), landed himself the deal just months after pay czar Kenneth Feinberg ended his oversight of Citigroup's pay practices, The Wall Street Journal said. The U.S. taxpayer still owned 17.5% of Citigroup as of July.
"Competitive compensation practices are integral to retaining and attracting the best talent, which is critical to the success of Citi and all its stakeholders," said Citigroup spokeswoman Danielle Romero-Apsilos.
It's not clear how much of Trauber's compensation will be cash and how much will be stocks.