Economics
Barclays Investor Showdown Looms as Jenkins Targets Recede
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Antony Jenkins replaced Robert Diamond as Barclays Plc chief executive officer 19 months ago, pledging to control costs at the investment bank and boost returns. So far, both goals are eluding him.
Jenkins, 52, is trying to revive profitability at the securities unit, the biggest source of income for the London-based firm, while wrestling with demands for higher pay from its bankers. He has fallen behind on targets he set as CEO and faces calls to outline a clear plan as he prepares to meet shareholders at the annual meeting next month.