Barclays CEO Jes Staley starts first day £300,000 short

Barclays CEO Jes Staley began his first day being employed at the bank on Monday with £300,000 in the red.

Staley bought 2.8million shares for 233p when he was announced as Antony Jenkins’ successor. However, the stock closed at 223p yesterday, meaning he has lost £300,000.

When deducted from his salary and bonuses, the monetary damage is not as severe as it might look at a first glance. Staley's annual salary is £1.2million, with an additional £1.15million delivered in shares (subject to a holding period with restrictions over half a decade) alongside other bonuses.

On top of this, the bank faced a stress test from regulators to assess how well the company could withstand a crisis. Following the test, shares went up 3.8%.