LONDON, April 14 (Reuters) - Barclays is delaying
the release of portions of Chief Executive Jes Staley and Chief
Financial Officer Tushar Morzaria's bonuses in light of the new
coronavirus pandemic, it said on Tuesday.
Barclays said its remuneration committee had determined
that, in light of the current environment, parts of the
executives' long term incentive plans due to vest in 2020 should
be delivered instead on March 8, 2021.
The move follows an announcement last week that Staley and
Morzaria would give a third of their pay for the next 6 months
to charities working to battle the virus.
The news follows wider voluntary pay cuts announced by top
British banking executives in recent weeks, including some
giving up their bonuses entirely.
(Reporting by Lawrence White; Editing by Jan Harvey)
Barclays (BARC)
