Barclays Executive Pay and Bonuses: A Significant Increase in the Half-Year Bonus Pool
Monday, 26 August 2024, 11:19
Barclays Executive Pay and Bonuses: An Overview
In a groundbreaking decision, Barclays has elevated its half-year bonus pool to £675m, marking the first increase in three years. This notable rise aims to reward high-performing bankers and indicates a potential change in industry standards.
The Implications of the New Bonus Pool
- The bonus pool has increased from £665m in 2023.
- With the removal of the EU bonus cap, executive pay can now be significantly higher.
- Staff members could receive bonuses equivalent to up to 10 times their salaries.
This decision from Barclays reflects broader trends in banking and financial services within the UK, signaling a change in attitudes towards executive compensation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.