Article: Barclays disposal could earn Bob Diamond a [pounds sterling]10m bonus.(News)

Article from:
Daily Mail (London)
Article date:
May 16, 2009
Copyright

Byline: Simon Duke

THE HIGHEST paid director of Barclays is in line for [pounds sterling]10m-plus payout after the bank revealed that its prized asset management business could be sold.

A disposal of Barclays Global Investors would trigger huge windfalls for investment banking chief Bob Diamond and other senior bankers, who own just over 10pc of the division.

The mooted sale price of [pounds sterling]6.5bn would see 200 top staff share an estimated [pounds sterling]220m bonus pool - an average of more than [pounds sterling]1m each.

Diamond, who banked [pounds sterling] 21m in pay and bonuses in 2007, would pocket more than [pounds ...

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