Home Business NewsBusiness Barclays boss Antony Jenkins gives up £2.7m bonus

Barclays boss Antony Jenkins gives up £2.7m bonus

by LLB Editor
4th Feb 14 9:03 am

Barclays chief executive Antony Jenkins has given up his annual bonus for the second consecutive year.

The news comes after Barclays faced a £330m legal and regulatory bill.

Jenkins, who was appointed chief executive of Barclays in 2012, can get a bonus worth 250% of his £1.1m salary or £2.7m.

Jenkins is entitled to get shares worth £4m next month as part of a long-term incentive scheme.

In a statement Jenkins said, “I am aware of the very significant costs which have been required to address legacy litigation and conduct issues in 2013, as well as to exit assets and businesses we no longer wish to participate in.”

He added: “When combined with the substantial rights issue we completed in the autumn, I have concluded that it would not be right, in the circumstances, for me to accept a bonus for 2013.”

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