Barclays' chief receives £6.5m bonus
Barclays’ chief executive Bob Diamond was confirmed as the UK’s best paid bank boss today – despite receiving a smaller-than-expected £6.5m (€7.5m) bonus for last year.
The payout, confirmed by Barclays in its remuneration report, is below the £9m Mr Diamond was reportedly in line to receive and includes no up-front cash.
The announcement comes weeks after the UK’s biggest banks agreed to rein in bonuses and lend £190b to businesses this year at the end of the so-called Project Merlin talks with the UK government.
Mr Diamond, who took up the top post in January, received £250,000 base salary last year, which means his total pay package overtook his peer at HSBC, Stuart Gulliver, who received combined pay of £6.2m, including bonus.
