Citicorp chairman John S. Reed, head of the second-largest U.S. banking company, ranked only 20th among top bankers in 1997 compensation.

If he were already working for Citi-group, the pending $70 billion combination of Citicorp and Travelers Group, he would have ranked four places lower. Travelers chairman Sanford I. Weill and three members of his inner circle all made more money last year than Mr. Reed, who is to be co- chief executive officer with Mr. Weill.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.