Britain’s Four Biggest Banks Pay 32 Employees 103 Million Pounds
This article is for subscribers only.
Britain’s four biggest banks paid 32 senior executives a combined 103 million pounds ($161 million) last year amid political criticism of their bonuses.
Barclays Plc, which yesterday awarded Chief Executive Officer Robert Diamond 6.3 million pounds for 2011, paid its eight most senior executives that aren’t on the board a combined 37 million pounds, according to its annual report. The lender said it cut bonuses by 48 percent and froze salaries.