• 03 Feb 2014 at 1:52 PM

No Bonus For Me, Thanks: Barclays CEO

Reuters reports that for the second year in a row, Barclays Chief Executive Officer Antony Jenkins has turned down the bonus offered to him. This time around, he said that it would be inappropriate to take the money, in light of “the bank’s hefty bill to pay for past problems.” All of this probably comes as a surprise to another CEO, whose name shall not be mentioned, who thought they agreed to put up a united front re: bonus accepting in the face of legal fees, be they Libor, whale, mortgage, or alternate side parking ticket-related, and who at this moment is angrily dictating an email thanking Jenkins for making him look like a Grade A Jackass.

Jenkins could have received a bonus of up to 2.7 million pounds ($4.4 million). It is the second year he has waived his bonus after becoming chief executive in August 2012. “I have concluded that it would not be right, in the circumstances, for me to accept a bonus for 2013, and I have therefore respectfully declined the one offered to me by the board,” Jenkins said in a statement on Monday. He said that was because of the very significant costs which have been required to address legacy litigation and conduct issues and the cost of getting out of areas the bank does not want to stay in, such as tax advisory.

Barclays CEO turns down bonus for 2013 [Reuters]

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Comments (9)

  1. Posted by Anonymous | February 3, 2014 at 1:57 PM

    HMD is your bonus, biatchz!

  2. Posted by Guest | February 3, 2014 at 2:00 PM

    I am also planning on waiving my 2013 bonus of $440.

    -UBS CEO

  3. Posted by Guest | February 3, 2014 at 2:10 PM

    Sounds like a bitch to me

    – Jamie

  4. Posted by UBS Board | February 3, 2014 at 2:32 PM

    We are sorry to inform you that we have denied your request for a personal loan in the amount of $435.47 for the following reasons:

    [ X ] Lack of meaningful employment

  5. Posted by Sir Guestington, CFA | February 3, 2014 at 3:49 PM

    What a cunt.

  6. Posted by Dick | February 3, 2014 at 4:04 PM

    Yeah, this is what happens when you are not CEO and Chairman of the Board at the same time deciding your own bonus.

    – Compensation Negotiation Advisor.

  7. Posted by Wolf | February 3, 2014 at 4:07 PM

    In Wall Street parlance declining a bonus is like pushing a child onto rail tracks.

    – Wolf of Wall Street

  8. Posted by James Dean | February 3, 2014 at 7:33 PM

    This is the 2nd thing that made employees laugh. Here is the other one. At least this was a "good warning"

  9. Posted by American Debts | February 6, 2014 at 2:00 PM

    He should have accepted the money and built 72 large solar panels. Non-profit time, Jenkins. He's standing next to his Barclays branded ATM's just in case he changes his mind.