This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/uk/6497769.stm
The article has changed 4 times. There is an RSS feed of changes available.
| Version 2 | Version 3 |
|---|---|
| Barclays man earns record £22m | Barclays man earns record £22m |
| (41 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. | 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. |
| 'Excellent year' | 'Excellent year' |
| The latest figures regarding Mr Diamond's pay were revealed in Barclays' 2006 annual report. | 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 | 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 those 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. | The earnings are far greater than those 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 made by Philip Green in 2004. The owner of some of the UK's largest retailers, including British Home Stores, made £460m back then. | On the other hand, the figure is less than that made by Philip Green in 2004. The owner of some of the UK's largest retailers, including British Home Stores, made £460m back then. |
| Mr Diamond's record earnings come soon after Barclays' posted a record pre-tax profit of £7.14bn in 2006 - up by 35% on the year before. | Mr Diamond's record earnings come soon after Barclays' posted a record pre-tax profit of £7.14bn in 2006 - up by 35% on the year before. |
| The firm's High Street banking division saw pre-tax profits rise 17% to £1.2bn - boosted by mortgages and savings accounts. | The firm's High Street banking division saw pre-tax profits rise 17% to £1.2bn - boosted by mortgages and savings accounts. |
| Following the results announced last month, Barclays chief executive John Varley said 2006 had been an "excellent year" and that it was "well-positioned for future growth". | Following the results announced last month, Barclays chief executive John Varley said 2006 had been an "excellent year" and that it was "well-positioned for future growth". |