05 Feb '12, 3pm

Barclays boss to receive $5.9 million bonus for work in 2011

Barclays boss to receive $5.9 million bonus for work in 2011

Barclays chief executive Bob Diamond is to receive a bonus of up to 3 million pounds (S$5.9 million) for his work in 2011, reports said on Sunday. -- BT PHOTO: ARTHUR LEE CH LONDON (AFP) - Barclays chief executive Bob Diamond is to receive a bonus of up to 3 million pounds (S$5.9 million) for his work in 2011, reports said on Sunday. Britain's Sunday Times newspaper said the head of the British bank could expect a bonus of 2 million pounds, while the Sunday Telegraph said the figure would likely be between 2.5 million and 3 million pounds. 'On top of that, he received a salary of 1.35 million pounds and could be given long-term incentives worth as much as 6.75 million pounds which will vest in three years,' the Telegraph said. The exact amount will not be known until the second half of March, when Barclays publishes its remuneration report as part of its annual report. Ple...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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