Barclays boss gets £2.7m bonus

Barclays boss gets £2.7m bonus

Barclays’ boss Bob Diamond is to pocket a £6.3m pay packet for 2011, sparking more anger over the scale of rewards in the City.

The chief executive’s total pay includes a £1.35m salary, a bonus of £2.7m and long-term incentives of £2.2m.

His bonus was 80% of the total entitlement after the bank reported a 3% fall in profits to £5.9bn in 2011, while the payment protection insurance scandal also affected his award.

The bonus is less than the £6.5m he received last year, but the pay-out will anger critics after the bank was last week accused by HMRC of trying to avoid paying more than £500m in tax, in schemes described as “highly abusive” dodges.

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