Barclays to Check With Investors on Pay, Sunday Telegraph Says
Barclays Plc (BARC) will pledge to consult investors on large one-time payments to executives, with some shareholders set to reject its remuneration report, the Sunday Telegraph reported, without saying where it got the information.
Barclays will also promise greater investor returns in the future, the newspaper said. The concessions won’t apply to awards already granted to Chief Executive Officer Robert Diamond, the Sunday Telegraph reported.
To contact the reporter on this story: Paul Dobson in London at email@example.com
To contact the editor responsible for this story: Daniel Tilles at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.