Michael Corbat
Michael Corbat is a prominent American banker who served as the Chief Executive Officer of Citigroup from 2012 until his retirement in 2021. Under his leadership, Citigroup underwent significant restructuring and strategic changes, particularly in response to the financial crisis and subsequent regulatory challenges. Corbat's tenure was marked by various controversies, including a notable 'fat finger' error where Citigroup mistakenly sent $900 million to creditors of Revlon, which led to a lengthy legal battle. He stepped down amid ongoing efforts to improve the bank’s internal controls and to navigate the complexities of modern banking.
Global Media Ratings
Countries Mentioned
| Country | Mentions | Sentiment | Dominance | + Persistence | x Population | = Reach | x GDP (millions) | = Power |
|---|---|---|---|---|---|---|---|---|
| United Kingdom | 1 | 5.00 | 0.03% | +0% | 67,886,011 | 18,151 | $2,700,000 | 722$ |
| Portugal | 1 | 3.00 | 0.06% | +0% | 10,196,709 | 5,928 | $240,000 | 140$ |
| Estonia | 1 | 3.00 | 0.03% | +0% | 1,326,539 | 387 | $31,000 | 9$ |
| Ireland | 1 | 4.00 | 0.05% | +0% | 5,030,000 | 2,346 | $5,100 | 2$ |
| Totals | 4 | 84,439,259 | 26,812 | $2,976,100 | 873$ |
Interactive World Map
Each country's color is based on "Mentions" from the table above.
Recent Mentions
Estonia:
Michael Corbat was dismissed as the CEO of Citigroup due to regulatory fines for management errors.
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Portugal:
Michael Corbat was the former CEO of Citigroup who resigned following a significant financial error.
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Ireland:
Michael Corbat was the chief executive of Citi who was ousted following the bank's mistaken payout to Revlon creditors.
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United Kingdom:
Michael Corbat is noted as the Citigroup chief executive who exited following the legal battles over a previous fat finger error.
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