The new cast of characters at Citigroup (NYSE:C) got markedly better reviews at this year's annual meeting, though even the star executives themselves acknowledged that their bank's performance needs a lot of work.

Shareholders resoundingly approved Citigroup's executive compensation package on Wednesday, with more than 90% voting in favor of the proposal a year after investors rejected former Chief Executive Vikram Pandit's pay package. Citigroup's board ousted Pandit in October in favor of Michael Corbat, who presided over his inaugural shareholder gathering with Chairman Michael O'Neill.

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