Michael Corbat: Difference between revisions
m Reverted edits by 72.1.111.81 (talk): Not adhering to neutral point of view (HG) (3.1.22) |
KoshVorlon (talk | contribs) →Gun Control Activism: RM Per WP:BLP You're going to need sources for this to remain in, especially because this has been challeneged |
||
| Line 29: | Line 29: | ||
==Personal life== |
==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.<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> |
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.<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> |
||
==Gun Control Activism== |
|||
Corbat is a gun control activist, using his company's financial services as leverage to restrict lawful commerce in firearms. In March of 2018, Corbat sent a memo to Citibank employees outlining a new, "U.S. Commercial Firearms Policy," under which Citibank would refuse to service clients who sell undefined "high capacity magazines" or who sell firearms to any individual under the age of 21. The memo further stated that Citibank was initiating "due diligence" against any current firearms manufacturer clients to identify the products they make, who they sell to, and their retailers' sales practices. Corbat claimed to be working with current clients, but that "[i]f they opt not to [follow the new Citibank policy], we will respect their decision and work with them to transition their business away from Citi." Finally, Corbat claimed to be leading an effort to get other banks to join Citibank in gun control activism, stating he was "initiating a dialogue within the financial services industry and with other stakeholders to understand whether there are additional technology solutions or voluntary standards that can be enacted." |
|||
==References== |
==References== |
||
Revision as of 14:49, 20 April 2018
Michael Corbat | |
|---|---|
 | |
| Born | Michael L. Corbat May 2, 1960 Bristol, Connecticut, U.S. |
| Education | B.A. — Economics |
| Alma mater | Harvard University |
| Occupation | Banker |
| Years active | 1983–present |
Michael L. Corbat (born May 2, 1960) is an American banker and the current chief executive officer of Citigroup, a position he has held since October 2012.[2]
Early life and education
Born in Bristol, Connecticut, Corbat graduated from Harvard University with a B.A. in economics where he also played offensive guard for the school's football team.[3] 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.[4][5] While at Harvard, Corbat was a member of The AD final club along with several other social societies.[citation needed]
Career
Corbat has worked at Citi or its predecessor companies for his entire career, starting with Salomon Brothers.[citation needed] 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 2008 and Citi's participation in the Troubled Asset Relief Program.[citation needed] 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's resignation. [6]
Corbat earned US$15.5 million in 2016.[1]
Personal life
Corbat is an enthusiastic fly fisherman, golfer and downhill skier.[7] 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.[8]
References
- ^ a b Blood, David; Noonan, Laura (July 23, 2017). "Bank chief executives' pay 2016". Financial Times. Retrieved August 5, 2017.
- ^ Enrich, David; Kapner, Suzanne; Fitzpatrick, Dan (October 17, 2012). "Pandit Ousted As CEO Of Citi". The Wall Street Journal. p. A1. Retrieved October 17, 2012.
- ^ Protess, Ben (2012-10-16). "Michael L. Corbat, Citigroup's New Chief, Is a Jack-of-All-Trades - NYTimes.com". Dealbook.nytimes.com. Retrieved 2012-10-22.
- ^ Knobler, Mike (1982-12-01). "Harvard's Corbat Named To All-America Team | Sports | The Harvard Crimson". Thecrimson.com. Retrieved 2012-10-22.
- ^ "Harvard : Media Center: Harvard Crimson Football All-American Selections". Gocrimson.com. Retrieved 2012-10-22.
- ^ Joe Weisenthal (2012-10-16). "Michael Corbat: New CEO Of Citi". Business Insider. Retrieved 2012-10-22.
- ^ Chambers, Alex; Dan Wilchins (16 October 2012). "Touchdown For Corbat After 30 Years On Wall Street". Reuters. Retrieved 21 November 2012.
- ^ Turner, Giles (16 October 2012). "Meet Michael Corbat: The New CEO of Citigroup". Financial News. Retrieved 21 November 2012.