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Michael Corbat

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{{undisclosed paid|pre16Jun2014=yes|date=June 2018}}
{{Infobox person
| name = Michael Corbat
| image =[[File:Michael Corbat, CEO of Citigroup Inc., 2014.jpg]]
| image_size = 250px
| caption =
| birth_name= Michael L. Corbat
| birth_date = {{birth date and age|1960|5|2}}
| birth_place = [[Bristol, Connecticut]], U.S.
| education = [[Bachelor of Arts|B.A.]] — Economics
| alma_mater = [[Harvard University]]
| occupation = Chief Executive (CEO), [[Citigroup]]
| years_active = 1983–present
| salary = $23 million <small>(2017)</small><ref name="citicomp">{{Cite news |url=https://www.bloomberg.com/news/articles/2018-02-16/citigroup-lifts-corbat-s-compensation-48-to-23-million-for-17 |title=Citigroup Lifts Corbat’s Compensation 48% to $23 Million for 2017 |last=Merlin |first=Anders |date=February 16, 2018 |work=Bloomberg.com |access-date=2018-06-26 |last2=Surane |first2=Jennifer |language=en}}</ref>
| spouse =
| children =

}}

'''Michael L. Corbat''' (born May 2, 1960) is an [[Americans|American]] banker and the current chief executive (CEO) of [[Citigroup]], a position he has held since October 2012.<ref name=wsj20121017>{{cite news|title=Pandit Ousted As CEO Of Citi|url=http://professional.wsj.com/article/SB10000872396390443854204578060280201488530.html?mod=ITP_pageone_0&mg=reno64-wsj|accessdate=October 17, 2012|newspaper=[[The Wall Street Journal]]|date=October 17, 2012|author=Enrich, David|author2=Kapner, Suzanne|author3=Fitzpatrick, Dan|page=A1}}</ref>

==Early life and education==

Born in [[Bristol, Connecticut]], Corbat graduated from [[Harvard University]] with a [[Bachelor of Arts|B.A.]] in [[economics]] where he also played [[offensive guard]] for the school's football team.<ref>{{cite web|last=Protess |first=Ben |url=https://dealbook.nytimes.com/2012/10/16/meet-citis-new-c-e-o/ |title=Michael L. Corbat, Citigroup's New Chief, Is a Jack-of-All-Trades - NYTimes.com |publisher=Dealbook.nytimes.com |date=2012-10-16 |accessdate=2012-10-22}}</ref> He was two time all [[Ivy League]] and was selected as first string [[College Football All-America Team]] in [[NCAA Division I-AA]] in 1982. He was the first Harvard player to be selected since [[Dan Jiggetts]] in 1975.<ref>{{cite web|last=Knobler |first=Mike |url=http://www.thecrimson.com/article/1982/12/1/harvards-corbat-named-to-all-america-team/ |title=Harvard's Corbat Named To All-America Team &#124; Sports &#124; The Harvard Crimson |publisher=Thecrimson.com |date=1982-12-01 |accessdate=2012-10-22}}</ref><ref>{{cite web|url=http://www.gocrimson.com/sports/fball/history/Football_All-Americans_Media_Center |title=Harvard : Media Center: Harvard Crimson Football All-American Selections |publisher=Gocrimson.com |accessdate=2012-10-22}}</ref>

==Career==
Corbat has worked at Citi or its predecessor companies for his entire career, starting with [[Salomon Brothers]].<ref>{{cite news |last1=Baer |first1=Justin |last2=Berthelsen |first2=Christian |title=A Company Man Gets His Shot to Run the Whole Show |url=https://www.wsj.com/articles/SB10000872396390444354004578060481361878480 |accessdate=26 June 2018 |work=The Wall Street Journal |date=17 October 2012}}</ref> He has served as Head of Citi's Global Corporate Bank and Global Commercial Bank and CEO of Citi's Global Wealth Management (consisting of [[Smith Barney]] and the [[Citi Private Bank]]). As CEO of Citi Holdings, he was responsible for and led the divestiture of a portfolio of non-core business and assets following the [[Financial crisis of 2007–2008|financial crisis of 2008]] and Citi's participation in the [[Troubled Asset Relief Program]].{{citation needed|date=February 2015}} In 2011, he was named CEO of Europe, Middle East and Africa (EMEA) where he oversaw all Citi operations in the region. In October 2012, Mike Corbat was appointed CEO of Citi after [[Vikram Pandit|Vikram Pandit's]] resignation. <ref>{{cite web|author=Joe Weisenthal |url=http://www.businessinsider.com/michael-corbat-new-ceo-of-citi-2012-10#ixzz29cZuxp73 |title=Michael Corbat: New CEO Of Citi |publisher=Business Insider |date=2012-10-16 |accessdate=2012-10-22}}</ref>

==Personal life==
Corbat is an enthusiastic fly fisherman, golfer and downhill skier.<ref name="ReutersMCCINCE">{{cite news | last =Chambers | first =Alex |author2=Dan Wilchins| title =Touchdown For Corbat After 30 Years On Wall Street |newspaper =Reuters | location= | pages =| language = | publisher = | date=16 October 2012| url = https://www.reuters.com/article/2012/10/16/us-citigroup-corbat-idUSBRE89F1PI20121016 | accessdate =21 November 2012 }}</ref> He serves on the Citigroup Board of Directors, the EMI Board of Directors, BritishAmerican Business Board of Directors and the U.S. Ski and Snowboard Team Foundation Board of Trustees. He has a wife; Donna, as well as two children; Brian and Allison. <ref name="EfinancialNewsMeetMC">{{cite news | last =Turner | first =Giles | title =Meet Michael Corbat: The New CEO of Citigroup|newspaper =Financial News| location= | pages =| language = | publisher = | date=16 October 2012| url = http://www.efinancialnews.com/story/2012-10-16/meet-michael-corbat-citigroup-ceo | accessdate =21 November 2012 }}</ref>

==References==
{{Reflist|2|refs=}}

{{s-start}}
{{s-bus}}
{{s-bef|before=[[Vikram Pandit]]}}
{{s-ttl|title=[[Citigroup|Citigroup CEO]]|years=2012–present}}
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{{s-end}}

{{DEFAULTSORT:Corbat, Michael}}
[[Category:Citigroup employees]]
[[Category:Living people]]
[[Category:People from Bristol, Connecticut]]
[[Category:1960 births]]
[[Category:Harvard Crimson football players]]
[[Category:American chief executives of financial services companies]]

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