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Business News

Barclays pays out £32m in share-based bonuses

Chief executive Antony Jenkins received a £3.8 million bonus

Barclays’ top bankers were under fire again today as the bank confirmed it had paid £31.8 million in share-based bonuses.

That included a £3.81 million award to chief executive Antony Jenkins, who had earlier waived his annual bonus for the second year running. His share awards cover earlier periods, largely when he was head of the bank’s retail business.

Barclays said the amount awarded in shares had fallen from  £40.3 million last year and that this year’s awards covered 12 rather than nine top executives.

But it also conceded that the previous year’s awards had included £17 million paid to the former head of its investment bank Rich Ricci.

Jenkins’ share award was outstripped by two other executives’. Skip McGee, head of Barclays America who joined the bank when it bought Lehman Brothers, picked up shares worth £8.87 million.

The co-head of corporate and investment banking Eric Bommensath collected £8.64 million. His co-head Thomas King received £3.81 million.