Jes Staley And The  Barclays Golden  Parachute That Didn't Open

Jes Staley And The Barclays Golden Parachute That Didn't Open

When Jes Staley exited as CEO of Barclays in November 2021, part of his contractual exit package entitled him to continued pay and benefits during his notice period. Under that agreement, Barclays committed to 12 months’ notice, meaning Staley continued to receive his fixed salary of about £2.4 million per year (paid in a mix of cash and shares), a pension allowance of around £120,000, and other standard benefits through late 2022. Barclays was also obligated to cover his repatriation costs to the United States as part of the departure arrangements.

However, due to regulatory scrutiny over his relationship with Jeffrey Epstein, Barclays froze roughly £22 million worth of his unvested bonus awards, which significantly reduced the total payout he would otherwise have received upon departure. Much of his long-term incentive compensation remained unvested and withheld pending investigations, meaning that while Staley received his contractual pay and benefits during the notice period, the large performance-based bonuses that could have boosted his overall exit compensation were not paid out.


to contact me:

bobbycapucci@protonail.com

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One Of Jeffrey  Epstein's Alleged Co-Conspirators Sues His Estate

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The affidavit submitted by attorney Bradley J. Edwards in the Southern District of Florida lays out a detailed argument for why the U.S. government should be compelled to produce documents related to ...

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The Metropolitan Police in London have announced that they will not reopen or pursue a criminal investigation into Prince Andrew over his ties to Jeffrey Epstein, stating that there is no new or compe...

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As the December 19th DOJ deadline approaches, expectations for a meaningful Epstein file release remain predictably low. History suggests this will be less a moment of transparency and more a carefull...

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Focusing on the most salacious elements of the Epstein scandal—photos, social associations, provocative rumors, and unverifiable claims—ultimately obscures the most consequential aspects of the case. ...

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Americans were taught to believe in blind justice, but scandal after scandal has stripped that belief bare. The Jeffrey Epstein case shattered whatever illusions remained, exposing a system that bent ...

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