Take a look at Antony Jenkins’ multi-million-pound severance package
Barclays CEO Antony Jenkins was fired last week after the bank’s board decided he was “not the right person” to run the bank.
In his three years at Barclays bank, Jenkins was responsible for cutting bureaucracy in the bank and increasing the investment business.
Jenkins was fired on Budget Day last Wednesday. This led to the bank being accused of deliberately announcing the news on a day where it gets least media attention.
In the bank’s defence, Barclays chairman John McFarlane said: “We could not hold it any longer than 7am Wednesday morning because I had told executive directors and they might tell their wives, their lovers, whoever.
“It is amazing it didn’t leak out, even though I read the riot act to people about keeping quiet. I can assure you we did not deliberately do it on Budget Day.”
Take a look at Antony Jenkin’s multi-million-pound severance package
1. Total severance package – £28m
2. £2.4m ‘golden goodbye’ – includes his £1.1m annual salary, £950,000 allowance and £363,000 pension contribution
3. £15m in shares and nearly
4. Nearly £11m in bonuses