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| Quote: Antony Jenkins, promoted to run Barclays in the wake of the £290m fine for rigging Libor, defended the decision to increase bonus payouts as he warned that between 10,000 to 12,000 jobs would be cut this year as he races to cut costs. | |
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Sacking people (probably the ones at the bottom of the food chain, probably leading to worse customer service) to cut costs while profits are falling but paying bigger bonuses to the already well paid. Well it's one definition of 'wealth generation'. Poor company executives, they're so misunderstood...