If you like delayed gratification you’ll love the payment plan management has come up with.

For the London-based bank’s 1,200 managing directors, bonuses for 2012 will all be deferred and paid in one-third installments from 2014 to 2016, half in cash and half in the bank’s stock, said the person, who asked not to be identified as the plans aren’t yet public.

Junior mistmakers will have bonuses capped at 65,000 pounds, with “35 percent of the total deferred and paid half in cash and half stock.” Those receiving a bonus over 250,000 pounds can look forward to a deferral comprised of half cash, half Barclays stock.

Barclays Investment Bank Said to Defer Managing Director Bonuses [Bloomberg]

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Comments (10)

  1. Posted by Mrs_Slocombe | February 8, 2013 at 2:20 PM

    In a follow-up public report, a senior Barclays spokesperson noted that the bank will actually pay the bonus in the form of “post dated, third-party, out-of-state, starter checks”

  2. Posted by Guest | February 8, 2013 at 2:27 PM

    In other words, Barclays MDs – do absolutely nothing in 2013. You either get laid off and everything accelerates, or you hang on until next year to at least get your 1/3 before quitting.

  3. Posted by Snowshaze | February 8, 2013 at 2:56 PM

    I got a rock.

    -Charlie UBS Brown

  4. Posted by Starbucks | February 8, 2013 at 3:44 PM

    we get it. Half and Half. Sheessh.

  5. Posted by Guest | February 8, 2013 at 4:04 PM

    assuming all-in comp numbers are comparable to other banks, this is probably the worst payout structure announced so far on wall street. work hard all year (hard enough not to get fired, which at that place is pretty hard) and you have to wait a year to get 1/3 of your incentive comp.

  6. Posted by Guest | February 8, 2013 at 4:24 PM

    Hasn't the market moved to unvested interest accruing converts? Barclays's bonus scheme is all to cock.

  7. Posted by Ken Houghton | February 8, 2013 at 4:59 PM

    This structure has been tried before by multiple firms. As best I can tell, none of them survived the first three years of it as an independent entity.

  8. Posted by Guest | February 9, 2013 at 10:59 AM

    The structure in this post is incorrect for those below MD. Below MD the first 100k is all cash, from 100k to 400k it's 65 percent cash, 35 percent deferred. Above 400k is all deferred. Deferals are half stock, half cash, paid out equally over three years.

  9. Posted by Ps I wuv you | February 9, 2013 at 2:29 PM

    Crap across the board. I.T. Got zeroes VP and below

  10. Posted by Don't think twice | February 9, 2013 at 2:41 PM

    When your rooster crows at the break of dawn
    Look out your window and I'll be gone