Sir Winfried Bischoff is a notable figure in finance, having held important roles at Citigroup, including Interim CEO in 2007. Before that, he was Chairman of Citi Europe and Chairman of Schroders plc. In 2007, during his short time as...

Number of Employees

239K

Year

2007

Total Compensation

$2.82M

Salary

$373.73K

Board Justification

Citi’s compensation philosophy emphasizes pay for performance, aligning executive compensation with the company's performance and stockholder interests.

Bonus

$1.95M

Board Justification

This amount is a discretionary cash bonus paid in January 2008 for performance in 2007.

Other

$500.81K

Board Justification

The change in pension value for Sir Winfried’s benefit under the Citigroup Global Markets Limited Pension and Life Assurance Scheme RBS Section for 2007 was $500,808.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were earned by Sir Winfried Bischoff under the LTIP for 2007, and the amount shown in the Summary Compensation Table includes the charges for his January 2008 CAP awards and the 2007 amortization charge for the LTIP.

Performance Metrics

Citi's performance metrics for determining compensation included financial performance such as revenue growth, expenses, net income, return on equity, and total return to stockholders.

SEC Filing

From October 10, 2008