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Barclays chief's maximum pay could surge by 45% to £14m
The Guardian
|January 24, 2025
The Barclays chief executive, CS Venkatakrishnan, could see his maximum pay package surge by 45% to more than £14m, as part of a new deal being considered by the bank's board.
The high street lender is understood to have written to the bank's largest shareholders regarding potential plans to overhaul its pay structures for both Venkatakrishnan and its finance chief, Anna Cross.
The proposals, first reported by Sky News, involve a trade-off: cutting fixed pay in exchange for being able to earn higher bonuses. For the chief executive, that would mean cutting his fixed pay from £2.95m to £1.59m, but allowing him to earn annual and longer-term bonuses worth up to eight times his new salary.
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