The new CEO of Barclays, Jes Staley, has bought 2.8 million shares at 2.33p of a total cost of ££1.2mm in the bank, being at the lowest price at which they have traded since January. Barclays have a rule that directors should own shares worth four times their salaries, which Staley has now achieved, as his salary is 6.4. Staley will be taking over on 1 December and faces mounting pressure from shareholders to set out a strategy for the troublesome investment banking business.
The new CEO of Barclays, Jes Staley, has bought 2.8 million shares at 2.33p of a total cost of £6.4m in the bank, being at the lowest price at which they have traded since January. Barclays have a rule that directors should own shares worth four times their salaries, which Staley has now achieved, as his salary is £1.2m. Staley will be taking over on 1 December and faces mounting pressure from shareholders to set out a strategy for the troublesome investment banking business.