Antony Jenkins, the chief executive of Barclays, has turned down his multi-million pound bonus for 2013 due to the "very significant costs" faced by the bank.
The BBC reports he would have been entitled to a bonus of up to £2.75m, based on 250% of his £1.1m salary. In a statement, Jenkins said taking the bonus "would not be right, in the circumstances". It is the second year in a row he has refused to take his bonus entitlement. In a statement released yesterday, he said: "2013 has been a year of considerable positive change for Barclays, and I am particularly proud of the progress we have made in starting to rebuild trust, in defining and implementing a common culture, in repositioning the business for the future, and in significantly impro...
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