Showing posts with label Barclays Bank Plc. Show all posts
Showing posts with label Barclays Bank Plc. Show all posts

Tuesday, 3 June 2008

Remuneration of Chairman

This used to be a much more comprehensive League Table but now we only have 11 Chairmen's remuneration reported. The most generously remunerated is the Chairman of Standard Chartered Bank who received, for the year ended 31.12.07, US$4,575,000, converted to £2,334,183.67. 2nd comes Barclays Bank Plc with £751,000 for year ended 31.12.07 followed by:
3rd. The Royal Bank of Scotland Plc £671,000. 31.12.07
4th. Lloyds TSB Bank Plc £661,000. 31.12.07
5th. Alliance & Leicester Plc. £358,000. 31.12.07
6th. Northern Rock Plc. £286,000. 31.12.07
7th. Bradford & Bingley Plc. £265.000. 31.12.07
8th. Kexim Bank (UK) Ltd. £154,411. 31.12.07
9th. London Scottish Bank Plc. £76,205. 31.10.07
10th. Unity Trust Bank Plc. £33,000. 31.12.06
11th. ANZ Bank (Europe) Ltd. £15,000. 20.9.07

Most overpaid director

Now I'm sure he's worth every penny, but the highest paid director of all the UK banks received remuneration last year which was greater than a number of banks' capitalisation. The director, employed by N M Rothschild & Sons Ltd, received, for the year ended 31st March 2007, £7,831,000. Poor chap probably had to take a pay cut. In the previous year the highest paid director at Rothchild's received £8,251,000. So, yes I'm sure he's worth every penny but when it comes to his bank's performance it was well down the Pre-Tax Profit League Table, coming in at 30th. Barclays Bank Plc was second with its highest paid director receiving £6,764,000. At least Barclays came 2nd in the Pre-Tax Profit League Table. All in all, 24 banks paid more than £1,000,000 each to their highest paid director.