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Citi to pay NY mayor candidate and former executive McGuire over $5.7 million


Citi to pay NY mayor candidate and former executive McGuire over $5.7 million
Reuters
2 days ago
April 22 (Reuters) - Former Wall Street executive and Democratic candidate for mayor of New York Ray McGuire will receive more than $5.7 million from Citigroup Inc as part of a bonus program, according to his annual financial disclosure report.
McGuire was one of the senior-most Black executives on Wall Street till he left Citi last year after 15 years in various roles to join the mayor s race.
Under our regular annual bonus program, a large portion of compensation earned by an employee each year is not paid when earned, but rather is delivered over a four-year period, a spokeswoman for Citi said on Thursday. ....

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