U.K. Bank CEO Pay Tied to 'Surprisingly Low' Goals They Can Beat
- Barclays, RBS CEOs’ personal goals less stringent than banks’
- Disparity noted in report by Autonomous Research analysts
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Executives at the U.K.’s biggest banks are still going to get rewarded even if they once again miss their financial targets.
Barclays Plc, Royal Bank of Scotland Group Plc, and Standard Chartered Plc have set less stringent criteria for top managers to get their incentive awards than the official targets presented to investors, according to the lenders’ annual reports and Autonomous Research LLP.