Barclays bank pays 428 employees more than £1m
http://www.bbc.co.uk/news/business-21715167
Quote:
A total of 428 employees of Barclays earned more than £1m last year, the bank has disclosed.
Five members of staff were paid more than £5m, the bank said, but they did not include the chief executive, Antony Jenkins, who received £2.6m.
It is the first time the bank has published details of its pay, following a pledge to improve transparency from its new chairman Sir David Walker.
Barclays was hit by a number of scandals last year.
They included the Libor-rigging scandal and the mis-selling of payment protection insurance (PPI).
The Libor scandal forced the resignation of the previous chief executive, Bob Diamond, and chairman Marcus Agius in August.
The new management team has pledged to address the "aggressive" culture at Barclays and improve accountability.
Top earners
The pay details released include salaries, bonuses and the value of long-term share awards given to all of Barclays' 145,000 staff.
Among the top earners, 50 people were paid between £2.5m and £5m last year, while a further 373 were paid between £1m and £2.5m.
The pay details were published in Barclays' annual report.
It did not say who the biggest earners at the bank were, or exactly how much they had been paid.
Royal Bank of Scotland is also expected to publish its annual report later, including pay details.
Earlier this month, another major bank, HSBC, gave details of the amounts it had paid its top earners last year.
HSBC's 16 top executives received an average of £3.25m each.
Globally, 204 HSBC employees were paid more than £1m last year, of which 78 were in the UK, where throm people who need their servicese group has its headquarters.
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You have to ask "paid for what" when they patently can't run a business but know how to extract the last penny to shore up their "bonuses", "profits" and "dividends" from working people who need to use banking services.
:mad:
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