Tuesday, February 19, 2013

£17m bonus bonanza for top Barclays bosses despite string of scandals...

Five top bosses at Barclays will share a jackpot worth up to £17million despite being tainted by a string of scandals.

Those in line for the ‘wildly misjudged’ bonanza include chief executive Antony Jenkins and Rich Ricci, the controversial investment bank boss.

They could pocket up to £2.2million and £6million respectively from deferred shares bonuses awarded in 2010.

A portion of this will be paid out in May, with the remainder triggering at the end of the year and dished out the following May.

Finance chief Chris Lucas, under investigation over Barclays’ 2008 emergency fund-raisings in the Middle East, could receive up to £5m. This includes a tranche of his 2011 bonus which pays out this May. Full story...

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