Bonus Jenkins: Roger Jenkins and Barclays Capital

bonus jenkins: However, Ed Brown QC, prosecuting on behalf of the Serious Fraud Office SFO said the former head of Barclays Capital, Roger Jenkins, could not care less about the bank's independence and ultimately revealed a different motivation for pushing the deal through namely a hefty bonus, according to The Independent. Jenkins, known to his colleagues as big dog had taken home 39.5m the previous year, according to the prosecution. A jury at Southwark crown court was told on Tuesday that executives pursued the capital-raising deal in order to safeguard Barclays' independence and avoid an extremely unattractive government bailout that would have restricted the bank's operations, threatened top jobs and put management pay packages under extra scrutiny. In an email sent on 24 November 2008, Jenkins questioned why the bank's bosses, including the then chief executive, John Varley, were not pushing the pay-setting remuneration committee to say we need to make a special payment for this endeavour now . It was not his job no one else in the organization or at any other bank except credit suisse did this sic Jenkins wrote in the email. His colleague Rich Ricci replied in an email Still the plan, Remco remuneration committee is Dec 9. Did it four times this year to save our arses and jobs guys you know the sell! If not what is the plan. (news.financializer.com). As reported in the news.