Barclays 2015 Annual Report Download - page 101

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In addition, the table below provides a summary of the total remuneration of the relevant Group Chief Executive over the same period as the
previous graph. For the purpose of calculating the value of the remuneration of the Group Chief Executive, data has been collated on a basis
consistent with the ‘single figure’ methodology.
Year 2009 20 10 2 0 11 2012 2012 2 013 20 14 2 0 15 2 0 15 2 0 15
Group Chief Executive
John
Varley
John
Varley
Bob
Diamond
Bob
Diamonda
Antony
Jenkinsb
Antony
Jenkins
Antony
Jenkins
Antony
Jenkinsb
John
McFarlanec
Jes
Staleyd
Group Chief Executive single figure of total
remuneration £000s 2,050 4,567 11,070e 1,892 529 1,602 5,467f3,399 305 277
Annual bonus against maximum
opportunity % 0% 100% 80% 0% 0% 0% 57% 48% N/A N/A
Long-term incentive vesting against
maximum opportunity % 50% 16% N/Ag 0% N/AgN/Ag30% 39% N/AgN/Ag
Notes
a Bob Diamond left the Board on 3 July 2012.
b Antony Jenkins became Group Chief Executive on 30 August 2012 and left the Board on 16 July 2015.
c John McFarlane was Executive Chairman from 17 July 2015 to 30 November 2015. His fees, which remained unchanged, have been pro-rated for his time in the position. He was not
eligible to receive a bonus or LTIP.
d Jes Staley became Group Chief Executive on 1 December 2015.
e This figure includes £5,745k tax equalisation as set out in the 2011 Remuneration report. Bob Diamond was tax equalised on tax above the UK rate where that could not be offset by
a double tax treaty.
f Antony Jenkins’ 2014 pay is higher than in earlier years since he declined a bonus in 2012 and 2013 and did not have LTIP vesting in those years.
g Not a participant in a long-term incentive award which vested in the period.
Percentage change in Group Chief Executive’s remuneration
The table below shows how the percentage change in the Group Chief Executive’s salary, benefits and bonus between 2014 and 2015 compares with
the percentage change in the average of each of those components of pay for UK based employees.
Salary Role Based Pay Benefits Annual bonus
Group Chief Executivea0.0% 0.0% 20.0%b(15.6%)
Average based on UK employeesc3.0% 12.2%d0.0% (8.0%)
Notes
a The 2015 figures for the Group Chief Executive are based on former Group Chief Executive, Antony Jenkins, and are annualised in order to provide a meaningful comparison of the
year on year change in remuneration for the Group Chief Executive and UK based employees.
b The percentage change in benefits for the Group Chief Executive represents an increase in the cost to Barclays of existing benefits. There was no change in actual benefit provision
to the former Group Chief Executive from 2014 to 2015.
c Certain populations were excluded to enable a meaningful like for like comparison.
d The majority of the increase was due to the introduction of Role Based Pay to certain populations, including new MRTs required to comply with PRA/EBA requirements.
We have chosen UK based employees as the comparator group as it is the most representative group for pay structure comparisons.
Relative importance of spend on pay
A year on year comparison of the relative importance of pay and distributions to shareholders is shown below. 2015 Group compensation costs have
reduced by 6% and dividends to shareholders have increased 2% from 2014.
Group compensation costs (£m)
03,000 6,000 9,000
£8,339
£8,891
2015
2014
(£m)
0200 400 600 1,000
£1,081
£1,057
2015
2014
800
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