-- 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)
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