Barclays staff to defer bonuses

Posted by 7Star Sunday, January 24, 2010

Top staff at Barclays will defer payment of up to 100 percent of their bonuses for up to three years as they seek to respond to public anger about banking pay, the Financial Times reported Saturday. The business daily said this would apply to members of the British bank's 11-member executive committee, led by chief executive John Varley, while the next 2,000 or so staff could defer upwards of 75 percent for three years.

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