Barclays bonanza for 428 millionaires
Friday 08 March 2013
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EmailBanking giant Barclays revealed today that 428 of its employees took home a whopping £1 million or more last year, including five who got more than £5m, despite a year of scandal and falling profits.
The group's annual report also showed that chief executive Antony Jenkins was awarded a total pay package worth £2.6m in 2012, including a £1.5m long-term incentive bonus which will pay out in future years if he meets performance targets.
Unions slammed Barclays over the yawning pay gulf between its coddled City-slickers and struggling shop-floor staff.
Unite national officer Dominic Hook said: "The rampant inequality in the pay between the top Barclays executives and those on the front line who deal directly with customers is shocking - and needs to be addressed by chief executive Antony Jenkins as a matter of urgency."
TUC general secretary Frances O'Grady added: "The EU is absolutely right to push ahead with its bonus cap.
"George Osborne should start siding with the interests of the electorate and the wider economy, rather than with the rich and powerful elite in the City."
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