 The parent Barclays initially approved high retention pay to keep New York personnel, but in the light of falling profits this caused increasing public criticism in the UK and a shareholder revolt, leading Barclays to reign in bonuses thereafter.In March 2014, McGee earned a $15 million bonus in stock, which was around double of what the Barclays CEO Antony Jenkins received.McGee left Barclays Capital on April 29, 2014, before the Dodd-Frank Act rules would take effective that required Barclays to set up a new New York-based holding company for its American operations.