Connect to share and comment

URGENT ¥¥¥ Barclays bank says chief executive will give up 2012 bonus

PlacardEnlarge
(Globalpost/GlobalPost)

British bank Barclays, which was rocked by the Libor rate-rigging scandal last year, announced on Friday that chief executive Antony Jenkins would forego his 2012 bonus after a "difficult" year.

"To avoid further unnecessary public debate on this matter, I wish to make clear that I concluded early this week that I do not wish to be considered for a bonus award for 2012, and I have communicated that decision to the board," Jenkins said in a company statement.

rfj/wai

http://www.globalpost.com/dispatch/news/afp/130201/urgent-barclays-bank-says-chief-executive-will-give-2012-bonus