Executive pay under attack at Barclays

Barclays chief executive Bob Diamond should not get any bonus at all, the shareholders advisory group Pirc has said.

Pirc advised that shareholders should vote against the bank’s executive remuneration report at its annual general meeting at the end of the month.

Diamond earned £6.3 million in pay and bonuses in 2011, though he still was not the bank’s top earner.

That honour went to an unnamed senior executive officer working probably in its international investment bank subsidiary Barclays Capital. This person’s basic was £700,000, but adding in £5 million of deferred cash and share bonuses and £1.5 million under the long-term incentive scheme and they received a total of £6.7 million last year.

Another unnamed senior executive officer received a total of £6.5 million.

Other top paid executives were on £5.2 million and £4.95 million, while the tenth highest earner received £2.5 million.

www.bbc.co.uk/news/business-17658574

http://group.barclays.com/Investor-Relations/Financial-results-and-publications/Annual-Reports