Bonus Watch '12: Barclays

Author:
Publish date:
Updated on

Bonus conversations are said to be going down at Barclays Capital this afternoon, after the close. So, no details yet, but in the meantime, a few things to consider:

1. Expectations from the front lines include "immense disappointment" and "overall bitterness."
2. The bank said last Thursday that, in addition to holding conversations re: bonuses this week, that it would "eliminate 5 percent of its senior bankers," so pick door 1 or 2 wisely.
3. The bank also said that those spared can look forward to their overall compensation being down at least 30 percent. Bob Diamond dares you to be a prick about it.
4. BD's Rolodex of college kids, chomping at the bit.

Related

Bonus/Layoffs Watch '12: Barclays

The juniorest of mistmakers have received their numbers (and a little perspective). "Barclays first year analyst bonuses: massive range, 20k-55k. Analysts got 20k, 25k, 35k, 40k, 45k, and 55k at top. Most groups are expecting cuts within the next few months so while some people are dissatisfied, most are just happy to have jobs."