Diamond - President of Barclays plc, CEO of Barclays Capital, and a member of its Board of Management – is on a basic salary of only £384,000 a year.  However, he has been awarded a performance-related package worth around £20 million.

He also receives well over £8 million in shares form an incentive package introduced last year.  Nearly another £8 million rolls in from a previous incentive package.

Just in case he needed a few quid for a rainy day, last year he sold his shares in Barclays Global Investors.  This brought in just under £27 million.

Whilst you’re still picking your jaw off of the ground, spare a thought for a colleague of Mr. Diamond.

Poor old John Varley is the Group Chief Executive of Barclay’s Bank.  Whilst he’s on a higher basic salary – a mere £1.1 million a year – his pension is only worth £17 million.  How will he cope?

We’re not too sure what Diamond and Varley do to justify such pay outs, but it sure beats piece work down at the local factory!

Solidarity Trade Union:-
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Does Peter Mandelson read this website? I heard on this morning's Today programme that he denounced Diamond too. Of course this was somewhat of a tactical move from Mandy the Prince of Darkness. You'd nearly think that an election was around the corner.

The proof of this pudding will be in the eating. Will NuLab do anything to sort out these banksters? Of course not. Diamond and his pals ought to be on three squre meals a day with a little exercise in the afternoon over the next ten years or so for the damage they have inflicted on the workers of this country. As for the noble Lord Mandelson, I reckon that he ought to get a suspended sentence.

Saturday 03 April 2010, 18:11

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