Unlock Editor Digest for FREE

Roela Khalaf, Ft Editor, selects his favorite stories in this weekly newsletter.

Barclays suggested overhaul how it pays the main executive CS Venkatakris in a step to run his fixed fee.

The British Bank wrote investors this week planned plans to change how to pay it Venkatakrishnan and the director director of the group finance, according to a person familiar with this matter.

Changes, if approved, see Fenkataknnan’s fixed pay cut cutge from £ 2.59mm, but former JPMorgan opticals with a substitute for eight times in his new salary, man said.

They added that Venkatakrisnan, known as Venkat, receive £ 9mn if Barclays Achieved the first stated target of the return of visible equity – a significant degree of bank profit – by 12 percent of 2026.

Her highest earnings can be more than £ 14mn, but she only gives this value if barclays come back to a visible equity more than 14 percent, man says.

Venkatakrisnan’s total bribe will come at £ 4.64mmg for 2023, from £ 5.2mn one year ago.

The step, first reported on Sky News, come after the barclays last year has been First British lender to scrap Banker Bonus cap imposed on EU, following 2023 decision in UK to take limits of a post-brexit raised in London town.

At the time, Barclay told the staff it would put Bonuses For its older employees, which are called material hazard spokes, which is up to 10 times their fixed fee, while the base keeping is the same.

Under the bonus cap, introduced across the EU in 2014 at the end of the global financial crisis, bonuses were filled with two-time salary.

Venkatakrisnnan is a Unique real real troup At the Rachel Rachel Reevel, which has dissapped many business leaders by adding tax on £ 40bn on October budget and struggling with the British economy.

Referring to the World Economic Forum in Davos on Tuesday, Venkatakrisnan said there was “many optimistic about the UK”, including its financial sector. Reeves also attended forum in a call of Woo business leaders and foreign investors.

The barclays say that its reasons for the reason “meets the stakeholders all year to gather feedback on our revision policy”.

“Did the committee selected or not the committee of our current Rulry policy in Directorration in 2025, the policy will continue to focus on the rewarding interests of shareholders.

“The Committee will publish their views and decisions in 2024 annual reports on February 13.”