BANKING & FINANCE - Feb. 20, 1993

Citicorp’s Reed Gets $1-Million Bonus: Citicorp Chairman John S. Reed was awarded a $1,035,000 bonus in 1992 as a result of his company’s improved performance. New York-based Citicorp, the nation’s largest bank holding company, has been focusing on improving its balance sheet over the last two years in an effort to strengthen its capital position. Reed’s bonus, salary and other incentive compensation enabled 52-year-old Reed to pocket $2.25 million, according to the company’s proxy statement filed Feb. 17 with the Securities and Exchange Commission.