Barclays Bank announced their final results yesterday. The results did not match expectations and the shares fell 4% on the day. The national media led with the story that the company had still increased the bonus pool even so, and that the company now pays out more in bonuses than it pays in dividends to shareholders.
The CEO, Antony Jenkins, gave the usual excuse for the high pay levels - that they need to compete on the international scene for top class ...