How Good Were the Paydays for Bank Chiefs … and Shareholders?: DealBook Briefing<br />The good times that returned to Wall Street after President Donald Trump got elected are now flowing into the pockets of the big banks’ C. E.Os:<br />• Citigroup’s Mike Corbat saw his compensation jump 48 percent last year, to $23 million.<br />Investors should keep an eye on the amount of performance share units (P. S.U.s)<br />that are included in a comp package, since these are usually the type of stock award that are most at risk of a decline in value if a bank underperforms by certain yardsticks.<br />Citigroup’s stock rose 25 percent in 2017, a lot more than the 16 percent posted by the KBW Bank Index.<br />• Bank of America’s Brian Moynihan, we also already know, enjoyed a 15 percent bump, to $23 million.<br />That amount, which represents an already high 6.6 percent of the total deal price, still isn’t high enough for Qualcomm.<br />In other Qualcomm news: Elliott Advisors, which owns about 7.2 percent of NXP Semiconductors, renewed its argument<br />that Qualcomm should pay more than $110 a share for the smaller chip maker, especially in light of NXP’s recent quarterly earnings.<br />• Mr. Dimon does best by this measure, since P. S.U.s made up 78 percent of his comp.<br />But on other yardsticks, the awards can seem high<br />Citi may be doing better than in the past, but its return on equity, a metric<br />that shows a bank’s return on its capital, was only 6.6 percent last year.
