Michael Whitaker who sold 31,962 units worth In January, Mark Mason (MBA 1995) was named to the 2022 Forbes CEO Next list, an annual list of 50 executives who are likely to lead some of America's largest companies. Stanford Univ. [252], In 2010, the company named Edward Skyler, formerly in New York City government and at Bloomberg L.P., to its senior public and governmental relations position. After Marks's graduation, he began coaching men on the approach to take so that they could attract women. Mr. Mason owns over 6,435 units of HomeStreet Inc stock worth over $4,666,674 and over the last 15 years he sold HMST stock worth over $610,266. Citigroup also decided to adopt the corporate brand "Citi" for itself and virtually all its subsidiaries, except Primerica and Banamex. [249], In 2014 Citigroup's PAC contributed $804,000 to campaigns of various members of Congress, i.e. mark mason citi net worth. Thanks to his unconventional career path, Mason has been able to live a life of travel and adventure that most people only dream of. [75][76], In 2001, Citigroup made additional acquisitions: European American Bank, in July, for $1.9 billion,[77][78][79][80][81] and Banamex in August, for $12.5 billion. The chart on this page features a breakdown of the total annual pay for Mark Mason, CFO at CITIGROUP INC as reported in their proxy statements. [251] Citigroup's 2014 donations favored Republicans only slightly. [183], Citigroup owns the naming rights to Citi Field, the home ballpark of the New York Mets Major League Baseball team, via a $400 million, 20-year deal that commenced with the stadium opening in 2009. [28], Citigroup is the holding company for the following divisions:[29], Citigroup was formed on October 8, 1998, following the $140 billion merger of Citicorp and Travelers Group to create the world's largest financial services organization. [26], In 2020 it was one of the largest securities services providers, having over $23.6 trillion in assets under custody (AUC) [27], In February 2021 CEO Michael Corbat was replaced by Jane Fraser, who became the first female CEO of a Big Four bank. Here are some facts about Mark. Citi will continue to operate its consumer banking businesses in the USA, Canada, Europe and in only 4 other markets: Hong Kong, Singapore, London and the UAE across the entire APAC and EMEA regions. Mark Mason is Chief Financial Officer and Head of Strategy and M&A for Citi Global Wealth Management division, which comprises Citi Smith Barney, Citi Private Bank, and Citi Investment Research. This page was last edited on 28 February 2023, at 07:48. They are part of the Finance Executive team within the C-Suite Department and their management level is C-Level. He's rough on the edges. On January 13, 2009, Citi announced the merger of Smith Barney with Morgan Stanley Wealth Management. . [247] As of 2008, Citigroup was the 16th largest political campaign contributor in the US, out of all organizations, according to OpenSecrets. Citigroup was criticized for failing to adequately supervise its traders and for not having systems in place to detect spoofing, which involves entering fake orders designed to fool others into thinking prices are poised to rise or fall. "I make decisions by . [23] It is considered a systemically important bank by the Financial Stability Board and is commonly cited as being too big to fail. [119][120] The U.S. government also gained control of half the seats in the Board of Directors, and the senior management was subjected to removal by the US government if there were poor performance. Staying current is easy with Crain's news delivered straight to your inbox, free of charge. [213][214] In 2008, Citi also agreed to pay $1.66 billion to Enron creditors. The new company took the Primerica name, and employed a "cross-selling" strategy such that each of the entities within the parent company aimed to sell each other's services. [152], In February 2016, the company was subject to a lawsuit as a result of the bankruptcy of a Mexican oil services firm. [55][57][58][60], Credit cards at this time had an annual fee,[61] which they raised more than once.[62]. [118] The government guaranteed losses on more than $300 billion of troubled assets and injected $20 billion immediately into the company. Mason has been appointed Chief Financial Officer of the Company effective February 22, 2019. . House Democratic Whip and Representatives Jim Himes (D-Conn.) and Debbie Wasserman Schultz (D-Florida.). [154], On June 23, 2016, Federal Reserve handed Citi a passing grade on its stress test the second time in a row, giving permission to triple its dividend to 16 cents a share and approving an $8.6 billion stock repurchase program,[155], Citi Capital Advisors (CCA), formerly Citi Alternative Investments, was a hedge fund that offered various investment strategies across multiple asset classes. [21] Indeed, the passing of the Gramm-Leach-Bliley Act in November 1999 vindicated Reed and Weill's views, opening the door to financial services conglomerates offering a mix of commercial banking, investment banking, insurance underwriting, and brokerage. [21][50] The history of the company is divided into several firms that eventually amalgamated into Citicorp, a multinational banking corporation operating in more than 100 countries; or Travelers Group, whose businesses covered credit services, consumer finance, brokerage, and insurance. [67], Joe J. Plumeri worked on the post-merger integration of the two companies and was appointed CEO of Citibank North America by Weill and Reed. [191], In July 2010, Citigroup agreed to pay $75 million to settle civil charges that it misled investors over potential losses from high-risk mortgages. [70][71] He unexpectedly retired from Citibank in January 2000. . [citation needed] It became the first contributor to the Federal Reserve Bank of New York in 1913, and the following year it inaugurated the first overseas branch of a U.S. bank in Buenos Aires,[54] although the bank had been active in plantation economies, such as the Cuban sugar industry, since the mid-19th century. Under Review. The current estimated net worth of Citigroup Inc's Chief Financial Officer, Mark Mason, is estimated to be about $782.7M . The lawsuit was initially brought by Sherry Hunt, a CitiMortgage employee.[196][197]. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Citigroup Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The company will have four months to make a new plan and submit it to the Federal Reserve. Executive salaries would be capped. Citigroup eventually stripped Bowen of most of his responsibilities and informed him that his physical presence was no longer required at the bank. As of 20 April 2011 he still owns at least 17,002,148 units of Citigroup Inc stock. All content and information on this website and/or newsletter including our programs, products, and/or services is for informational and educational purposes only, does not constitute professional advice of any kind, and does not establish any kind of professional-client relationship by your use of this website and/or newsletter. Rather, this is the former headquarters of the Travelers Group located in downtown Tribeca at 388 Greenwich Street, and now contains Citigroup's Investment and Corporate Banking operations. As of 2021, Mark Mason's net worth is estimated to be $9.51 billion. About; British Mark; Publication; Awards; Nominate; Sponsorship; Contact In addition, he makes $1,714,120 as Chairman of the Board, President, and Chief Executive Officer at . [173] In October, the same year, Citigroup was fined $400 million by the US bank regulators as a result of their risk in control systems and was ordered to update their technology. But Citibank knows the bank as an institution is in troubleit can't get away anymore with passive sellingand Plumeri has all the passion to throw a glass of cold water on the bank. [211][212], In 2005, Citigroup paid $2 billion to settle a lawsuit filed by investors in Enron. About Citi Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. He is best known for his time with the San Diego Spartans and the Philippine national basketball team. Mason is a social media expert who has helped thousands of businesses grow their social media following and engage with their customers. [64] This deal complemented Travelers/Smith Barney well as Salomon was focused on fixed-income and institutional clients, whereas Smith Barney was strong in equities and retail. Judith Rodin, Director, Mark Mason was named Chief Financial Officer of Citi in February 2019. "[69] Plumeri boosted the unit's earnings from $108 million to $415 million in one year, an increase of nearly 300%. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. [163][164], In November 2015, Springleaf acquired OneMain Financial from Citigroup. Citi received the largest amount of TARP funding, "a larger bailout than any other U.S. The largest trade he's ever made was selling 12,000,000 units of Citigroup Inc stock on 20 April 2011 worth over $260,760,000. Purchase Lets Citibank Expand Long Island Presence", "Citi Swallows EAB Sandy Takes On J.P. Morgan Chase in NY", "Citigroup to Buy European American Bank in Bid to Increase N.Y. Market Share", "Citigroup to Buy Mexican Bank In a Deal Valued at $12.5 Billion", "Citigroup to Spin Off Travelers Insurance", "Travelers Group, Form 8-K, Current Report, Filing Date", "Citigroup Saw No Red Flags Even as It Made Bolder Bets", "Citi mulls cutting work force by 5 to 10 percent: report", "U.S. Agrees to Rescue Struggling Citigroup", "FRB: Press Release-Joint statement by Treasury, Federal Reserve, and the FDIC on Citigroup", "Citigroup gets massive government bailout", "Citi's Corbat Has Parting Words: 'Banking Is Quickly Changing', "U.S. Approves Plan to Help Citigroup Weather Losses", "Wall Street Compensation'No Clear Rhyme or Reason", "The Special Master's Determinations for Executive Compensation of Companies Receiving Exceptional Assistance Under TARP", "Citi private bank targets doubled growth", "Citi to Reorganize into Two Operating Units to Maximize Value of Core Franchise", "Citigroup Reports Big Loss and a Breakup Plan", "U.S. Plans $500,000 Cap on Executive Pay in Bailouts", "U.S. exits Citigroup stake and earns $12 billion profit", "Citi CEO Pandit's salary soars to $1.75 million from $1", "Travelers, Cisco Replace Citi, GM in Dow", "Citigroup, Morgan Stanley Agree to Merge Brokerages", "Morgan Stanley Completes Purchase of Smith Barney Venture", "Pandit Missed Out on a Sweeter Smith Barney Deal", "Government sells remaining shares in Citigroup; investment to net $12 billion total profit for taxpayers", "U.S. gave up billions in tax money in deal for Citigroup's bailout repayment", "Citibank Opens Full-Service, Smart Banking Consumer Outlet at Chongqing Airport", "Citibank Japan Ltd. He is also an active member of the music community and often participates in industry events. In 2005, Citigroup paid $75 million to settle the lawsuit. [181][182], All of Citigroup's New York City real estate, excluding the company's Smith Barney division and Wall Street trading division, lies along the New York City Subway's IND Queens Boulevard Line, served by the E and M trains. He is also on the board of Howard University and Member of Kappa Alpha PSI Fraternity, Inc. While Citi Holdings is a mixed bag, its primary objective is to wind down some non-core businesses and reduce assets, and strategically "breaking even" in 2015. During this period, Travelers acquired Shearson Lehmana retail brokerage and asset management firm that was headed by Weill until 1985[21]and merged it with Smith Barney. Net Worth in 2021. Mark Mason. [255], One March 19, 2020, Citi announced that it would support 2019 coronavirus pandemic relief with some US$15 million. Twitter: @Iammarkmanson. Mark A.L. You may opt-out by. The most important thing for a writer is to keep writing, no matter what., 4. Some of his most popular albums include The Alchemist and Sleight of Hand.. The bank introduced its First National City Charge Service credit cardpopularly known as the "Everything card" and later to become MasterCardin 1967. [88][89] Citigroup retained the life insurance and annuities underwriting businesses until it sold them to MetLife in 2005. [113], In 2009, Jane Fraser, the CEO of Citi Private Bank, stopped paying its bankers with a commission for selling investment products, in a move to bolster Citi Private Bank's reputation as an independent wealth management adviser, as opposed to a product pusher. citi.com; bellsouth.net; 5+ 347-330-XXXX; 212-559-XXXX; 917-817-XXXX; 917-208-XXXX; 212-559-XXXX; 203-961-XXXX; Analyst Managing SVP, Investor Relations and Corporate Development . [221], On June 1, 2018, the Australian Competition and Consumer Commission (ACCC) announced that criminal cartel charges are expected to be laid by the Commonwealth Director of Public Prosecutions (CDPP) against ANZ Bank, its Group Treasurer Rick Moscati, along with Deutsche Bank, Citigroup and a number of individuals. joint venture between Smith Barney and Morgan Stanley where he essentially managed himself out of a job to running Citi Holdings, the unit formed after the financial crisis to house risky assets. Existing shareholders of each company owned about half of the new firm. [179], In 2018 The New York Times reported about Citi's actions, under the direction of CEO Michael Corbat, to intervene in the matter of gun control. The group bought and sold $90 billion of residential mortgages annually. Chief Financial Officer. NEW YORK, February 21, 2023--Mark Mason, Chief Financial Officer of Citi, will present at the 2023 RBC Capital Markets Financial Institutions Conference on Wednesday, March 8. Prior to being named Citi CFO, Mr. . Theres something very powerful about words and stories they can change, 5. Mark Manson has a commanding presence on social media, encompassing all the major platforms. Net Worth in 2023: $8 million. He joined Citi in 2001 and has held several senior operational, strategic, and financial executive positions, including serving as CEO of Citi Holdings from December 2011 through May 2013. Mark joined Citi in 2001 as Vice President of Corporate Development. He is responsible for the financial management of the company and also spearheads Citi's Expense Management and Citi Ventures Initiatives. ICG consists of the following five main divisions: Mark Carawan was chief compliance officer from 2012 until 2020. Prior to his tenure at Citi, Mason was Director of Strategy and Business Development with Lucent Technologies. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Oklahoma held out and agreed to settle with the banks separately. The report, titled "Raul Salinas, Citibank and Alleged Money Laundering", indicated that Citibank facilitated the transfer of millions of dollars through complex financial transactions that hid the funds' paper trail. Of the 57 Democrats supporting the 2015 Spending bill, 34 had received campaign cash from Citigroup's PAC at some point since 2010. [147], On March 26, 2014, the Federal Reserve Board of Governors reported that Citigroup was one of the 5 financial institutions that failed its stress tests. Mark Mason is Citi's chief financial officer and one of Wall Street's highest-ranking Black executives. Mark Manson Net Worth- He has been honored with many awards and accolades during his career. [172], In August 2020, Citi mistakenly wired $900 million to the creditors of one of its clients, the American cosmetics corporation Revlon. If you want to learn more please read our Privacy policy. In comparison, Bank of America, which passed the stress test and did not ask for a capital return to investors, received 78% of its revenue in the United States. [1] He is one of the few first black executives on Wall Street. He is one of the few first black executives on Wall Street. [131] A special IRS tax exception given to Citi allowed the US Treasury to sell its shares at a profit, while it still owned Citigroup shares, which eventually netted $12 billion. [136], In 2012, the Global Markets division and Orient Securities formed Citi Orient Securities, a Shanghai-based equity and debt brokerage operating in the Chinese market. Monthly Plan. Masons initial reaction: You want me to run the bad bank? It turned out to be one of his best career moves. He started his blog in 2009, which reached 1 million readers per month. Citigroup Inc. was founded in 1812 and is headquartered in New York, New York. Mark . . If you want to learn more please read our Privacy policy. [90] Citigroup still sells life insurance through Citibank, but it no longer underwrites insurance.[91]. [21] Two years later, Weill mastered the buyout of Primerica Financial Servicesa conglomerate that had already bought life insurance company A L Williams as well as brokerage firm Smith Barney. Although we strive to provide accurate general information, the information presented here is not a substitute for any kind of professional advice, and you should not rely solely on this information. Mark A. L. Mason is Chief Financial Officer for Citigroup, Inc. and Chief Financial Officer at Citigroup Private Bank (a subsidiary of Citigroup, Inc.). Well also explore his thoughts on wealth building and how best to achieve success in life. Mr. Mason also has investment banking experience with Goldman, Sachs & Co. Mr. Mason serves as a Trustee of Howard University, where he received a B.B.A. [223], Citigroup was criticized for disrupting the European bond market by rapidly selling 11billion worth of bonds on August 2, 2004, on the MTS Group trading platform, driving down the price and then buying it back at cheaper prices.[224]. The subsequent investigation revealed that the Consumer Lending Group had suffered a breakdown of internal controls since 2005. [115] Citigroup will continue to operate as a single company for the time being, but Citi Holdings managers will be tasked to "take advantage of value-enhancing disposition and combination opportunities as they emerge",[115] and eventual spin-offs or mergers involving either operating unit were not ruled out. Citi's leadership team comprises our Executive Management Team and Board of Directors. In the . [1] He earned of Bachelor of Business Administration (BBA) degree in finance and graduated with honors from Howard University. Always consult a professional in the area for your particular needs and circumstances prior to making any professional, legal, financial, or tax-related decisions., Whether youre just starting out in your career or youre looking for ways to take your, After graduating from high school, he decided to pursue a, Mark Manson Net Worth- He is a successful, He is an inspiration to anyone who wants to pursue their passions and build a, As of 2022, Mark Masons net worth is estimated to be $9.51 million. Mark Mason was named Chief Financial Officer of Citi in February 2019. Don't miss the chance to get the biggest news first! He is from United Kingdom. Despite the findings of the investigation, Bowen's charges were ignored, even though withholding such information from shareholders violated the SarbanesOxley Act (SOX), which he had pointed out. Smith Barney, Citi's global private wealth management unit, provided brokerage, investment banking and asset management services to corporations, governments and individuals around the world. 2 How much is the net worth, salary and earnings of . In addition to his work as a writer and lecturer, Mason is also an active Freemason. Table of Bio/Wiki [ hide] 1 Mason Amos Age, Bio, Wiki and Quick Facts. Every job I've had since, I still think about my name being on the truck.". As CFO at CITIGROUP INC, Mark Mason made $13,362,258 in total compensation. [170] It also announced that some lower paid employees would receive a one-off payment of US$1,000 to help them through the crisis. Mark Mason Net Worth Mark Mason biography. Salary: N/A. [204] In 2003, Citigroup paid $145million in fines and penalties to settle claims by the Securities and Exchange Commission and the Manhattan district attorney's office. A professional-client relationship with you is only formed after we have expressly entered into a written agreement with you that you have signed including our fee structure and other terms to work with you in a specific matter. both powered by and consumed by the wealthy;[225][226][227][228] Mark Mason. $20. View Mark Mason's email address (m*****@citi***.com) and phone number. He is the executive responsible for Citis Comprehensive Capital Analysis and Review (CCAR) submission process and served as Chief Financial Officer of Citis Institutional Clients Group (ICG) from September 2014 through January 2019. Any compensation amount above $500,000 had to be paid with restricted stock that could not be sold by the employee until the emergency government aid was repaid in full. Conclusion- Mark Mason Net Worth 2023: How Much Does This Effective Blogger Earns? Mark Mason is an American business executive, serving since 2019 as the chief financial officer (CFO) of Citigroup. Citi Holdings represents $156 billion of GAAP assets, or ~8% of Citigroup; 59% represents North American mortgages, 18% operating businesses, 13% special asset pool, and 10% categorized as other. The company operates in two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City.The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. With over 800 offices worldwide, Smith Barney held 9.6 million domestic client accounts, representing $1.562 trillion in client assets worldwide. Six drivers and other economic measurements, such as income and savings rates were also studied and included, in what was described as "an ongoing [bio-]technological revolution; capitalist-friendly governments and tax regimes" The company agreed to pay more than $97 million to settle the allegations. His height is 1.7m tall, and his weight is 68 kg. It was also difficult to sell insurance directly to its customers since most customers were accustomed to purchasing insurance through a broker. The Howard University graduate spent a few years in investment banking and management consulting before Citigroup hired him in 2001 to develop ways to market private equity investments. You can see the complete history of Mr. Mason stock trades at the bottom of the page. He is responsible for the financial management of the company and also spearheads Citi's Expense Management and Citi Ventures Initiatives. In 2018, they began building a new headquarters that will be 150,000 square feet of office space on a 19-acre campus. Kho St Cng Trnh Ngm kent, wa police news today. "No one outworks Mark.". It also provides various banking, credit card, lending, and investment services through a network of local branches, offices, and electronic delivery systems. General Counsel & Corporate Secretary. With over 15 years of expertise in personal branding, self-development, and financial literacy under her belt, Alisa has earned a reputation as an accomplished keynote speaker. [241] In 2017, prosecutors claimed drug smugglers were using Citigroup's Banamex USA unit to sneak dirty money into the United States from Mexico. The resulting pay ratio is estimated to be 486:1. United States, United Kingdom, and Canada) households. [74] The Associates was widely criticized for predatory lending practices and Citi eventually settled with the Federal Trade Commission by agreeing to pay $240million to customers who had been victims of a variety of predatory practices, including "flipping" mortgages, "packing" mortgages with optional credit insurance, and deceptive marketing practices. The same day on Wall Street markets responded, with shares falling and dropping the company's market capitalization to $6 billion, down from $300 billion two years prior. Writing is a form of therapy; sometimes I wonder how all those who do not, write, compose or sing can manage to escape the madness, melancholia, the, panic fear which is inherent in a human condition.. [52][53] Serving a group of New York merchants, the bank opened for business on September 14 of that year,[citation needed] and Samuel Osgood was elected as the first President of the company. The chairmen of both parent companies, John S. Reed and Sandy Weill respectively, were announced as co-chairmen and co-CEOs of the new company, Citigroup, Inc., although the vast difference in management styles between the two immediately presented question marks over the wisdom of such a setup. Its non-financial businesses were spun off. [55] The company organically entered the leasing and credit card sectors, and its introduction of U.S. dollar-denominated certificates of deposit in London marked the first new negotiable instrument in the market since 1888. Furthermore, Mason served as CFO and COO for Citigroup Real Estate Investments and was responsible for restructuring the business. [205], In 2004, Citigroup paid $2.65 billion pre-tax, or $1.64 billion after-tax, to settle a lawsuit concerning its role in selling stocks and bonds for WorldCom, the second largest telecommunications company in the world, which collapsed after an accounting scandal. The GCB segment offers traditional banking services to retail customers through retail banking, Citi-branded cards, and Citi retail services. He also spent several years as Strategy Consultant with Marakon Associates, working with a number of Fortune 100 companies to develop strategies to maximize shareholder value. 06/16/2022 . Mark's mailing address filed with the SEC is C/O CITIGROUP INC., CORPORATE LAW DEPT., 388 GREENWICH STREET, NEW YORK, NY, 10013. This included 738 employees each receiving $1 million in bonuses, 176 employees each receiving $2 million bonuses, 124 each receiving $3 million in bonuses, and 143 each receiving bonuses of $4 million to more than $10 million. A joint statement by the US Treasury Department, the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) announced: "With these transactions, the U.S. government is taking the actions necessary to strengthen the financial system and protect U.S. taxpayers and the U.S. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. She is also an expert on topics ranging from self-development, Business News to investment and gladly shares this knowledge with audiences through keynote speaking engagements as well as writing craft workshops for local writers' groups and book conferences. So Why Don't More American Men Take It? The "New York" was dropped in 1962 on the 150th anniversary of the company's foundation. NEW YORK, (BUSINESS WIRE) -- Mark Mason, Chief Financial Officer of Citi, will present at the 2023 RBC Capital Markets Financial Institutions Conference on Wednesday, March 8. He also spent . Trading head Thomas Maheras was close friends with senior risk officer David Bushnell, which undermined risk oversight. 685 Third Avenue Citi CFO Mark Mason. With the crisis worsening, Citigroup announced on January 7, 2008, that it was considering cutting another 5 percent to 10 percent of its 327,000 member-workforce.[97][98]. [203], On October 22, 2001, Citigroup was sued for violating federal securities laws by misrepresenting Citigroup's Enron-related exposure in its 2001 Annual Report and elsewhere, and failing to disclose the true extent of Citigroup's legal liability arising out of its 'structured finance' deals with Enron. The information shown here is a reporting of information included in the company's proxy statement. In high school, for example, he sold candy from a black Samsonite briefcase he carried every day. In 2018, the O.C.C again indicted Citi for shortcomings in its anti-money laundering policies, Citi was required to pay $70M. Karen Peetz. [178], In September 2022, Citi was planning to shutter its retail bank business in the United Kingdom. Mark Mason is 50, he's been the Chief Financial Officer of Citigroup Inc since 2019. Mason . He is also the founder of the popular website, MarkMasons.com. He has earned his wealth through his successful career as a writer and businessman. [156] The spin-off of CCA created Napier Park Global Capital, a $6.8 billion hedge fund with more than 100 employees in New York and London and managed by Jim O'Brien and Jonathan Dorfman. Mason has been appointed Chief Financial Officer of the Company effective February 22, 2019. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. It has 204,000 employees.