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Friday, March 08, 2013

Barclays' 428 Millionaires

As Barclays annoucnes that it could cut up to 40,000 jobs, it has also revealed that 428 of its employees received salaries and bonuses worth more than £1M in 2012.

Antony Jenkins, CEO, received payouts worth £2.6M, including a £1.47M long-term incentive award. Mr Jenkins declined an annual bonus.

Five unidentified senior executives, not on the Barclays board, earned more than Mr Jenkins; with the bank’s highest paid non-board level executive receiving a package worth £3.75M.

However, as per the Telegraph five of the bank's staff, not among its senior executives, earned more than £5M last year.


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