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Barclays awards shares worth £39m to nine executives

http://www.bbc.co.uk/news/business-21867735

Quote:

Barclays' investment bank chief has been awarded shares worth £17.5m in long-term bonuses - and has sold them all.

The bank said the shares given to Rich Ricci (really?) were an accumulation of remuneration over a number of years.

Shares worth a total of £39m were given to nine executives.

Chief executive Antony Jenkins, who took over the bank last August, received shares worth £5.6m and sold £2.9m of them.

The latest awards relate to incentive schemes going back several years.

Mr Jenkins waived his bonus for 2012, a year in which Barclays was hit by fines for PPI mis-selling and attempts to rig the Libor inter-bank rate.

Former finance director Chris Lucas, who stepped down last month, received shares worth £1.2m.

Barclays said the timeframe of the award scheme varied for individuals, but some go back to as early as 2007.

Last June the bank was fined £290m by British and US regulators for attempted manipulation of Libor and Euribor interbank rates between 2005 and 2009.

The scandal led to the resignations of three Barclays senior board members, including the chief executive Bob Diamond. He was replaced by Mr Jenkins, who had been head of retail and business banking.

It's OK ..... they're all friends of that nice Mr Cameron ..... :hug:

aw how lovely for them x

Our government is becoming so corrupt it's laughable.

Quote:

Originally Posted by Shaun (Post 5898999)

aw how lovely for them x

Yes and they are not Owned by us.
So its not a problem.

New Labour were in Power in 2007
they were the worst in Burning our Money and Vault of Gold.

Life In The City.

Aw Barclays you're so lovely :lovedup:

I hope no one on here ever finds out about the bonuses awarded to the upper echelons of banks like Goldman Sachs... you'll all have a conniption fit.

Quote:

Originally Posted by Livia (Post 5899249)

I hope no one on here ever finds out about the bonuses awarded to the upper echelons of banks like Goldman Sachs... you'll all have a conniption fit.

http://www.guardian.co.uk/business/2...y-bonuses-rise

Quote:

Goldman Sachs pay and bonuses rise to £250,000 each

Bank has set aside $13bn to cover the salaries, bonuses and perks for staff worldwide – a rise of more than $30,000 a head on 2011

Wednesday 16 January 2013 14.08 GMT

Goldman Sachs risked stoking the row over City pay on Wednesday by revealing its bankers were paid an average of $400,000 (£250,000) each last year, a rise of more than $30,000 a head on 2011.

Goldman's annual financial results show the bank has set aside $13bn to cover the salaries, bonuses and perks for the 32,400 it employs around the world. Details of the payroll come just a day after the bank was forced to back down from plans to defer bonuses until April so that its highly paid staff could avoid the 50% tax rate.

The size of the bill to pay staff is 6% higher than a year ago. However, the average individual payouts to staff are higher as the number of employees has fallen by 3%.

Staff will find out in the coming days what their bonuses for 2012 will be. Some of them will be expecting to receive millions of pounds .

The bank stressed that its ratio of compensation (pay) to net revenues (income) – a closely watched measure of a banks' generosity towards its staff – was the second lowest ever at 37.9%, compared with 42.4% for 2011.

Revenues were higher across most of the business with the exception of equities. Investment banking revenues were up 13% to $5bn for 2012, although corporate advisory revenues were flat at $2bn.

The firm, the highest profile of the Wall Street banks, issued its figures just hours before JP Morgan revealed its chief executive Jamie Dimon had taken a 50% cut in his pay to $11.5m from $23m in the wake of the London Whale trading incident, which cost the bank $6bn.

Small potatoes ..... :idc:

Honestly Omah, you need to stop Googlnig around for your opinions and posting links as evidence.

I refer to the upper echelons of investment banks such as Godman Sachs. Generally. It's banking, it happens. It's been happening ever since there were banks.

Quote:

Originally Posted by Livia (Post 5899314)

OK, please name the "upper echelons" and give details of their bonuses ..... :pipe:

I don't have details of their bonuses. All you have is links to various newspapers, none of whom would ever lie to be sensationalist.

Please don't ask for details from me when you yourself post links and stupid emoticons in place of your own opinions.

Quote:

Originally Posted by Livia (Post 5899317)

You don't have a clue, do you ..... :laugh3:

Declaring unsubstantiated assertions as "opinion" ..... :nono: