Mr Schrempp talks about overcoming this with a low basic salary and a high performance-based bonus.

ECONOMIST: After the deal

He could still be entitled to his long-term incentive plan, which is broadly based on the bank's long-term performance and is worth up to 400% of his salary, if the Barclays remuneration committee awards him one.

WSJ: Barclays CEO Gives Up Bonus for 2012