AS large swathes on the British population continue to challenge their banks over illegal bank charges, let’s spare a thought for the appropriately monikered Barclays president Bob Diamond.
The Independent tells us that the 55 year-old could earn a potential £42 million for his work in 2006.
That figure is apparently made up of a “basic salary of just £250,000” (not much more than the minimum wage then), with a cash bonus of £10.4 million and shares worth £4.5 million thrown in.
The Telegraph puts the total figure at a measly £22 million which still makes the passionate Chelsea fan the best paid executive of a British listed company.
Not surprisingly, Barclays did their best to justify the enormous salary package, claiming that it was “linked to performance and should be seen in the light of actual achievement”, while the BBC’s business editor has little problem with the salary either.
Mr Diamond’s overdraft limit is not reported…
Posted: 27th, March 2007 | In: Money Comments (2) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink
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March 27th, 2007 at 2:47 pm
So many people in the UK are legally challenging serious over-charging by banks.
If they win the case,its reported that the banks will have to pay back 7.2 BILLION pounds.
So the British government gave the great train robbers in 1963, 30 year prison sentences for stealing money from a train and hunting Ronnie Biggs around the world.
The banks seem to be a law unto themselves and, have shown utter contempt and pure greed when dealing with customers.
Their top brass should be investigated,for criminal charges ,and if found guilty given LONG stretches in Britain’s over crowded prisons
Con men and women are operating at your local bank!
Pure greed and they think nothing of screwing anybody who walks thru the door.
March 27th, 2007 at 2:39 pm
It’s covered here too:
http://tinyurl.com/2zv485