Citigroup cuts CEO Corbat's compensation 6 percent to $15.5 million

(Reuters) - Citigroup Inc cut Chief Executive Michael Corbat's compensation by 6 percent to $15.5 million in 2016, a year in which the bank fell short of profitability and efficiency goals and saw one-third of voting shareholders disapprove of the company's prior executive compensation.

Citigroup cuts CEO Corbat's compensation 6 percent to $15.5 million
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