Barclays to Modify Executive Pay Packages, Sky News Reports

Dow Jones

01-24

-- Barclays is planning to change the remuneration package of its chief executive and finance chief, Sky News reports, citing a letter to shareholders.

-- Under the plans, CEO CS Venkatakrishnan's maximum earnings would be capped at 14.3 million pounds, up from 9.8 million pounds currently, dependant on the British bank surpassing its return on tangible equity targets, Sky News reports.

-- However, the executive's fixed pay would be lowered to 1.59 million pounds from 2.95 million pounds, according to Sky News.

-- CFO Anna Cross's maximum pay package would increase to 8.1 million pounds, Sky News reports.

-- The remuneration committee will publish their views and decisions on Feb. 13 in its annual report, Barclays told Sky News.

Full story: https://tinyurl.com/5x8mafvj

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

January 24, 2025 03:16 ET (08:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4521","symbol_name":"英国银行股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505880888","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505880888","pubTimestamp":1737706560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"-- Barclays is planning to change the remuneration package of its chief executive and finance chief, Sky News reports, citing a letter to shareholders.-- Under the plans, CEO CS Venkatakrishnan's maximum earnings would be capped at 14.3 million pounds, up from 9.8 million pounds currently, dependant on the British bank surpassing its return on tangible equity targets, Sky News reports.-- However, the executive's fixed pay would be lowered to 1.59 million pounds from 2.95 million pounds, according to Sky News.-- CFO Anna Cross's maximum pay package would increase to 8.1 million pounds, Sky News reports.-- The remuneration committee will publish their views and decisions on Feb. 13 in its annual report, Barclays told Sky News.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4521":"英国银行股","BK4207":"综合性银行","BCS":"巴克莱银行"},"translate_title":"据天空新闻报道，巴克莱银行将修改高管薪酬方案","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BCS":0.9},"content_text":"-- Barclays is planning to change the remuneration package of its chief executive and finance chief, Sky News reports, citing a letter to shareholders. \n\n\n  -- Under the plans, CEO CS Venkatakrishnan's maximum earnings would be capped at 14.3 million pounds, up from 9.8 million pounds currently, dependant on the British bank surpassing its return on tangible equity targets, Sky News reports. \n\n\n  -- However, the executive's fixed pay would be lowered to 1.59 million pounds from 2.95 million pounds, according to Sky News. \n\n\n  -- CFO Anna Cross's maximum pay package would increase to 8.1 million pounds, Sky News reports. \n\n\n  -- The remuneration committee will publish their views and decisions on Feb. 13 in its annual report, Barclays told Sky News. \n\n\n \n\n\n  Full story: https://tinyurl.com/5x8mafvj \n\n\n \n\n\n  Write to Elena Vardon at elena.vardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 24, 2025 03:16 ET (08:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}