Barclays chief said to walk away with bumper pay-off

Antony Jenkins Barclays

Sacked Barclays chief executive Antony Jenkins will walk away with about £28m [$43.5m] in cash and shares despite failing to turn around the troubled bank.

The Daily Mail reports that Mr Jenkins was fired by chairman John McFarlane – a gruff Scottish banker nicknamed Mac the Knife for his take-no-prisoners attitude – after losing the confidence of the bank’s board.

But the ousted boss' payout includes a £2.4m 'golden goodbye', £15m in shares and nearly £11m in bonuses, it was reported.

The £2.4m cash sum includes his £1.1m annual salary, £950,000 allowance and £363,000 pension contribution, the Sunday Times reported.

And the total could increase by another £10.8m depending on the bank's performance in the short and long-term.

To access the complete Daily Mail article hit the link below:

Fired Barclays chief executive 'to walk away with £28million in cash and shares' despite not turning around the troubled bank

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