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Finance

Barclays to slash fixed pay of CEO, Sky News reports

Published by Global Banking & Finance Review

Posted on January 23, 2025

1 min read

· Last updated: January 27, 2026

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Barclays CEO CS Venkatakrishnan's pay cut news related to finance - Global Banking & Finance Review — The image illustrates the recent proposal by Barclays to reduce CEO CS Venkatakrishnan's fixed pay, highlighting changes in executive compensation in the banking sector.

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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

Barclays to Reduce CEO's Fixed Pay, Reports Sky News

(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)

Key Takeaways

Barclays plans to cut CEO's fixed pay.
CS Venkatakrishnan's earnings capped at over £14 million.
Sky News reported the proposed pay reduction.
The change reflects Barclays' financial strategy.
Currency conversion: £1 equals $1.23.

Frequently Asked Questions

What is the main topic?

The main topic is Barclays' decision to cut the fixed pay of its CEO, CS Venkatakrishnan, capping his maximum earnings.

Why is Barclays reducing the CEO's pay?

Barclays is reducing the CEO's pay as part of its financial strategy, as reported by Sky News.

How much will the CEO's earnings be capped at?

The CEO's earnings will be capped at just over £14 million, equivalent to approximately $17.3 million.

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