Barclays boosts CEO's pay to more than $20 million
LONDON, Feb 10 (Reuters) - Barclays BARC.L hiked CEO C.S. Venkatakrishnan's pay package to 15 million pounds ($20.5 million) in 2025, it said on Tuesday, up from 11.6 million pounds the year before after the bank in common with other British lenders increased bonus payouts for top staff.
While Barclays cut fixed pay for the CEO known internally as Venkat, the lender boosted his variable pay including bonuses to 12.7 million pounds from 8.5 million in 2024.
London-based Barclays is among the many European lenders enjoying soaring profits and rallying share prices in the past two years, allowing bank executives to rake in more in bonuses as they hit key performance targets.
The bank's total bonus pool for staff rose 15% to 2.2 billion pounds, Barclays said as it reported financial results for 2025.
($1 = 0.7316 pounds)
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