The article mainly talks about the reality that Barclays’ profit doubled in 2009, but their top executives gave up their bonus due to the pressure on the whole industry. To be specific, Barclays’ profit rose to 9.39 billion in 2009 from 4.38 billion in 2008, helped by its investment banking sector and the sale of money management business to BlackRock. However, its chief executives decided to give up their bonus, because they know the public’s anger over bank executive taking large payout while the country is barely out of recession still exists. According to Chairman of Barclays, giving up huge bonus is a way of acknowledging the mistakes that they have made and it will rebuild the trust between banks and their stakeholders.
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