Bankers’ Bonuses Explained

PROFIT FALL + NAUGHTY STEP =  BIG BONUS

PROFIT FALL + SIT ON THE NAUGHTY STEP = BIG BONUS

Last week, Barclays reported a 21% fall in 2014 pre-tax profits to £2.26bn.

AND

The bank also increased its provision to cover any fallout from a probe into currency market manipulation by £750m to £1.25bn.

SO

Boss Antony Jenkins was awarded a £1.1m bonus – his first as chief executive.

(source BBC News)

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