If you haven’t seen the Barclays pay story on the front of the FT it’s worth having a read.
The co-head of Barclays Capital, who won a bonus of £9.9m for 2010, was also awarded a long-term incentive plan for that year of £3.35m. At the same time he also received £30m of shares released under prior incentive plans.
(This is vastly more than Bob Diamond’s £6.5m bonus, £2.25m incentive plan and £13.8m shares released).
Clearly there was serendipity in the air when the baby Ricci lay in his cot half a century ago and his parents lovingly chose his name.
Jim Pickard
Kiran Stacey