Citi’s female CEO rose as bank faced failings on gender equality

By Jenny Surane
Published 5 Min Read

A sign sits on top of the skyscraper housing the Citigroup Inc. offices at 25 Canada Square in the Canary Wharf business, financial and shopping district in London, U.K.
A sign sits on top of the skyscraper housing the Citigroup Inc. offices at 25 Canada Square in the Canary Wharf business, financial and shopping district in London, U.K.

Along Citigroup’s path to naming the first female chief executive officer on Wall Street, the bank had to confront some grim truths.

For starters, the bank that Jane Fraser takes over in February pays women just 73 cents for every $1 men get, an even wider gap than the national average. And short of 40% of Citigroup’s managers are female.

Jenny Surane
From Bloomberg News

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