Citigroup: Statement Regarding Disclosure of CEO's 2002 Compensation.Business Editors NEW YORK--(BUSINESS WIRE)--Feb. 12, 2003 Today, Citigroup (NYSE NYSE See: New York Stock Exchange : C) filed a Statement of Changes in Beneficial Ownership on Form 4 in connection with the granting of an option covering 1.5 million shares with the U.S. Securities and Exchange Commission on behalf of Sandy Weill, Chairman and Chief Executive Officer. In connection with the Citigroup Board's Personnel and Compensation Committee consideration of bonuses for 2002, Mr. Weill informed the Committee that, given the decline in shareholder value for the year, he would not accept any bonus for 2002 performance. The Committee accepted his decision and did not award any cash or stock to Mr. Weill for 2002. Citigroup (NYSE: C), the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers Life and Annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. . Additional information may be found at: www.citigroup.com . |
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