Barclays Investment Banking; have paid their CEO Bob Diamond, more than £21m last year. His basic salary was £250, 000, plus he received shares worth £14.4m and a cash bonus of £6.5m. Not a bad job, if you can get it. I am a little unsure about the tax he will pay, I know he would pay tax on his salary and on his cash bonus, but will pay tax on receipt of his shares. He will of course pay tax on any profit he makes on his shares; any tax experts out there throw any light on the subject.
He’s not doing too badly, last year he was paid £22m, Barclays made an overall profit of £7.08bn and it is said that Mr Diamond division contributed about 1/3 of that, hence such a large bonus.
The Unite Union have said that Barclay’s staff would be astonished by the size of his payment and added that “The millions of pounds awarded to directors was only possible because of the hard work put in by staff”
