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| Barclays man earns record £22m | |
| (30 minutes later) | |
| A Barclays Bank executive earned £22m in salary, shares and bonuses last year, becoming the highest earner among firms in the FTSE 100 index. | A Barclays Bank executive earned £22m in salary, shares and bonuses last year, becoming the highest earner among firms in the FTSE 100 index. |
| The total pay for Bob Diamond, head of Barclays investment banking service, dwarfed chief executive John Varley's salary and bonus package. | |
| Mr Diamond's basic salary was just £250,000 - with the rest made up of bonuses and cashed-in share options. | Mr Diamond's basic salary was just £250,000 - with the rest made up of bonuses and cashed-in share options. |
| Barclays defended the pay, saying his division had been very successful. | Barclays defended the pay, saying his division had been very successful. |
| The latest figures regarding Mr Diamond's pay were revealed in Barclays' 2006 annual report. | |
| No-one in his field doubts that his contribution to Barclays' highly profitable global debt business has been significant Robert Peston BBC business editor Read Robert Peston's blog | |
| The earnings are far greater than that made by Mr Terry Leahy, who as head of Tesco, the UK's largest retailer, had a £4m package that included his salary, bonus and benefits last year. | |
| On the other hand, the figure is less than that earned by Philip Green in 2004. The owner of some of the UK's largest retailers, including British Home Stores, made £460m back then. | |
| The record figure comes soon after Barclays' High Street banking division saw pre-tax profits rise 17% to £1.2bn - due in part to mortgages and savings accounts. | |
| Following the results, Barclays chief executive John Varley said 2006 had been an "excellent year" and that it was "well-positioned for future growth". |