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Finance

Barclays to slash fixed pay of CEO, Sky News reports

Published by Global Banking and Finance Review

Posted on January 23, 2025

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(Reuters) - British lender Barclays is proposing to slash CEO CS Venkatakrishnan's fixed pay, which will see his maximum earnings capped at just over 14 million pounds ($17.3 million), according to a Sky News report on Thursday.

($1 = 0.8116 pounds)

(Reporting by Prerna Bedi in Bengaluru; Editing by Krishna Chandra Eluri)