Signature Theatre Gala to Honor Michael Corbat
The Signature Theatre Annual Gala will take place on Monday, March 11, 2019 at The Pershing Square Signature Center. The event will honor Citi CEO Michael Corbat and will celebrate the millionth subsidized ticket offered under the groundbreaking Signature Ticket Initiative.
This year's Gala will include cocktails, dinner and entertainment, with special appearances by Residency 5 playwrights Dave Malloy, Branden Jacobs-Jenkins and Dominique Morisseau and performances by Signature alumni Tonya Pinkins, Paul Sparks, Lili Taylor and theater cast members from Dave Malloy's Octet, which will have its world premiere at Signature this spring. In addition to celebrating Michael Corbat and the Signature Ticket Initiative, the gala will raise funds for Signature's playwright residencies and productions.
Michael Corbat is being honored for his corporate citizenship and leadership of Citi, which has been a longstanding, generous and committed partner to Signature Theatre. Citi was founded in, and is headquartered in, New York City; and has a rich history of supporting cultural life and community programs globally. In particular, Citi focuses on growth and economic progress in diverse communities-a distinct parallel to the Signature Ticket Initiative, which has significantly diversified the theatre's audience by eliminating the price barrier to its world class art. Pershing Square Founder & CEO William Ackman, whose Pershing Square Foundation is the Lead Partner of the Signature Ticket Initiative, will present the honor to Corbat at the gala.
The Signature Ticket Initiative: A Generation of Access, launched in 2005 with lead partner The Pershing Square Foundation, to provide all theatregoers affordable access to world-class theatre, makes an unparalleled commitment to accessibility, equity, and outreach. Every seat for every performance for every production's initial run is subsidized to an affordable price, currently $35. Over the past 14 years, one million tickets have been made available to 70 Signature Productions, including award-winning productions of Tony Kushner's Angels in America, Horton Foote's The Orphans' Home Cycle, August Wilson's The Piano Lesson, Annie Baker's John and The Antipodes, Suzan-Lori Parks' The Red Letter Plays, Bill Irwin and David Shiner's Old Hats, Stephen Adly Guirgis' Jesus Hopped the 'A' Train, Edward Albee's At Home at the Zoo, and many more.
In the 2018-19 Season, Signature will offer over 70,000 $35 tickets without age restrictions, lotteries, or rush lines. The millionth ticket will be offered later this spring during the run of Signature's first musical, the world premiere of Dave Malloy's Octet. Further information about the celebration of this milestone will be announced at a later date.
About MICHAEL CORBAT
Michael L. Corbat is Chief Executive Officer of Citigroup, the world's global bank, with approximately 200 million customer accounts and activities in more than 160 countries and jurisdictions.
Since becoming CEO in 2012, he has focused on leveraging Citi's unique global network to serve its institutional and consumer banking clients with an emphasis on strong execution and the highest ethical standards. In the process, Mr. Corbat has made Citi a simpler, smaller, safer and stronger institution. Citi has improved the quality and consistency of earnings, and Mr. Corbat is committed to creating shareholder value by serving Citi's stakeholders and fulfilling Citi's mission of enabling economic growth and progress.
Mr. Corbat has been at Citi and its predecessor companies since his graduation from Harvard University with a bachelor's degree in economics in 1983. Prior to his current role, Mr. Corbat was CEO of Europe, Middle East and Africa where he oversaw all of Citi's business operations in the region, including consumer banking, corporate and investment banking, securities and trading and private banking services. Previously, Mr. Corbat served as the CEO of Citi Holdings, Citi's portfolio of non-core businesses and assets. In this role, he oversaw the divestiture of more than 40 businesses and divested more than $500 billion assets, reducing risk on the Company's balance sheet and freeing up capital to invest in Citi's core banking business.
Mr. Corbat has also served as the CEO of Citi's Global Wealth Management unit and was Head of the Global Corporate and Global Commercial Bank at Citi, a role in which he led the firm's efforts to provide best-in-class financial services to top-tier multi-national corporations and financial institutions around the world.
Mr. Corbat has been honored by several civic and cultural organizations. He serves as Chairman of The Clearing House Association Supervisory Board and Vice Chairman of the Financial Services Forum. He is also an executive committee member of the Partnership for New York City, a permanent board member of the Bank Policy Institute, and sits on the Board of Trustees of the United States Ski and Snowboard Association.
About THE SIGNATURE TICKET INITIATIVE
The groundbreaking program Signature Ticket Initiative: A Generation of Access guarantees affordable tickets to every Signature production through 2031. Serving as a model for theatres and performing arts organizations across the country, the Initiative was founded in 2005 and is made possible by lead partner The Pershing Square Foundation with additional support provided by the Jerome L. Greene Foundation, the Howard Gilman Foundation, Margot Adams, The SHS Foundation, the Stavros Niarchos Foundation, Unlikely Collaborators, Consolidated Edison Company of New York, the New York City Department of Cultural Affairs, and City Council Speaker Corey Johnson.