The new head of Barclays, Bob Diamond will face a flurry of questions by British politicians regarding the big payout that he is going to withdraw this year. Apparently, the millionaire banker will be withdrawing a total salary of more than £9-million for the year, which will be inclusive of his yearly £1.35-million payout.
It is official, and with the announcement made by Barclays PLC all doubts surrounding a new successor as the CEO of the bank has been clarified. According to the latest announcement, Barclays very own Mr. Bob Diamond will taking over the challenge of heading the bank as the CEO, while Mr. John Varley will be stepping down from his post.
Officials have said that the president of British-based Barclays Capital has been awarded a pay package worth as much as $90 million.
The Daily Telegraph reported on Saturday that Bob Diamond's package is based on a $580,000 annual salary, but through a combination of stock incentives and bonuses he could earn more than 150 times that amount.
According to unnamed sources, the banking group Barclays is negotiating with the US money manager BlackRock about a prospective sales deal of its Barclays Global Investors (BGI) unit. Earlier reports mentioned Barclays being close to agreeing on a $12-billion sale of BGI to the Larry Fink-led BlackRock.
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