Breaking the speed limit in a school zone, for example, will cost you a couple mill, while volunteering with your local Boy Scouts chapter to help the troops earn their “Libor Manipulation” badges will translate to a few extra zeros on payday.

Barclays’ new chief executive said he will pay employees based in part on whether they are good citizens, as the British bank tries to restore its tarnished reputation. Within the next six to 12 months, Barclays will devise a “balance scorecard” with metrics that measure performance across a range of areas, including how the actions of executives affect the environment, Antony Jenkins said in a brief interview on Sunday at the Clinton Global Initiative…Jenkins, who previously ran Barclays’ business and retail banking division, said he managed the unit with a scorecard that rated employees on how their actions affected all stakeholders, including investors, customers, other employees and “society.” The scorecard includes a “citizenship” component, according to a bank spokesman. A similar benchmark must be established at the Barclays Group level, Jenkins said, but declined to provide details about how short-term goals such as shareholder returns will be weighted against longer-term societal goals.

Barclays New Chief Ties Compensation To Societal Goals [Reuters]

52 comments (hidden to protect delicate sensibilities)
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Comments (52)

  1. Posted by Cynic | September 25, 2012 at 11:54 AM

    "Citizenship Component" = IFF = another unquantifiable metric used to justify screwing you harder. Meh.

  2. Posted by HAM05 | September 25, 2012 at 11:57 AM

    giving out handjobs in the men's restroom; that a debit or a credit?

  3. Posted by Guest | September 25, 2012 at 12:01 PM

    All I know is it creates a deposit.

  4. Posted by Satan | September 25, 2012 at 11:55 AM

    I'm fucked

  5. Posted by Anon | September 25, 2012 at 12:09 PM

    Wow, your work is not done there yet ?

  6. Posted by guest | September 25, 2012 at 12:16 PM

    Frequents strip clubs="Supports the artistic development of refugees from formerly repressed eastern European countries."

  7. Posted by guest | September 25, 2012 at 12:20 PM

    Antony Jenkins' 2012 Employee Retention Plan

    1) Give out shitty bonuses
    2) Justify their shitty bonus by calling them assholes
    3) Kick them in the balls and laugh at them as they cry out in pain
    4) Sleep with their wife and make them watch
    5) And after all that, tell them that if they are not happy they can go work for UBS

  8. Posted by nthdegree | September 25, 2012 at 12:24 PM

    And hookers and blow would be that+funding currently repressed South American soon to be refugees and their automatic weapon toting murderous exploiters?

  9. Posted by jenkins | September 25, 2012 at 12:25 PM

    also, we will invite a representation from occupy and greenpeace to give their input into your annual review and bonus

  10. Posted by Curious on DB | September 25, 2012 at 12:27 PM

    What if I speed through a school zone to catch a climpse of a boy scout?

    -Curious on DB

  11. Posted by guest | September 25, 2012 at 12:33 PM

    Then you are Penn State football coaching material

  12. Posted by pazzo83 | September 25, 2012 at 12:40 PM

    How many Libor manipulations does it take to get a ride in the hot air balloon?

  13. Posted by guest | September 25, 2012 at 12:51 PM

    Effective immediately, volunteering will be mandatory for all employees.

    A. Jenkins
    CEO/Minister of Truth

  14. Posted by TheDetailGuy | September 25, 2012 at 12:55 PM

    Ayn Rand is not pleased!

  15. Posted by guest | September 25, 2012 at 12:56 PM

    I've never heard of anything like that before.

    -JVP

  16. Posted by PermaGuestII | September 25, 2012 at 1:06 PM

    I walk to the subway and take that to work. Therefore I have a smaller carbon footprint than the guy on my desk who drives in every morning from Tenafly. Can I have his bonus as well as mine, then?

  17. Posted by ILoveLamp | September 25, 2012 at 1:16 PM

    What do you call a Barclays employee who totally disregards societal goals and focuses exclusively on increasing the size of his bonus: Senior Managing Director

    What do you call a Barclays employee who takes to heart Jenkins's admonition to become a better citizen and balance the bank's profit objectives with larger societal goals: Assistant Vice President

  18. Posted by Abe_Froman_ | September 25, 2012 at 2:07 PM

    I think that’s been happening since '08

  19. Posted by Guest | September 25, 2012 at 2:30 PM

    Pretty sure that second guy is called "unemployed"

  20. Posted by TryingToGetRight | September 25, 2012 at 2:47 PM

    Stop bogarting that bong – pass it this way!

  21. Posted by HR BS | September 25, 2012 at 2:58 PM

    I believe the technical terms for those people are "profit center" and "cost center"

  22. Posted by Guest_of_Honor | September 25, 2012 at 3:10 PM

    Given the choices I'd pick Barc.

  23. Posted by guest | September 25, 2012 at 3:18 PM

    Jenkins the latest illustration of the fact that there is no better job in finance, or in any industry really, than CEO or chairman of a big bank in the immediate wake of a major scandal or loss.

  24. Posted by Al Gore | September 25, 2012 at 4:04 PM

    I'd love to see your foot er…..carbon footprint that is….. in detail sometime….

    Al Gore
    Man behind WWW

  25. Posted by Xenonorph | September 26, 2012 at 8:21 AM

    Considering that people financing that nonsense (or their employees) may very well be on this board, the negative points aren't just for being a buzzkill.

    Other than that, no concerns

  26. Posted by SadButTrue | September 26, 2012 at 8:23 AM

    Exit ops from that…Catholic priest

    - the pope

  27. Posted by Xenomorph | September 26, 2012 at 8:28 AM

    Aayn Rand is dead and no one who matters ever cared. Please grow a brain and use it, or barring that keep teabagging it. As for me, I'll take another serving of common fucking sense.

    - everyone

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