Anorak News | Barclay’s Diamond Geezer

Barclay’s Diamond Geezer

by | 27th, March 2007

ccprof06.jpgAS 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) | TrackBack | Permalink