Barclays CEO Antony Jenkins, Under Fire, Declines $4 Million Bonus

Antony Jenkins, Barclays CEO
Antony Jenkins, Barclays CEO

New Barclays Chief Executive Antony Jenkins has opted not to take a bonus for 2012, saying he should "bear an appropriate degree of accountability" for the difficult year his bank endured.

Jenkins, who became CEO in August, said he was aware of considerable speculation about his bonus so to avoid further unnecessary public debate decided this week that he did not want to be considered for an award on top of his base salary of 1.1 million pounds. He was entitled to an annual bonus of up to 2.75 million pounds ($4.36 million).

Originally published