Barclays execs are quids in after £30m share sale

Marion Dakers
TOP staff at Barclays cashed in around £30m worth of shares this week, the bank said yesterday, just weeks after it revealed that chief executive Bob Diamond took home pay, shares and benefits totalling £17m last year.

Diamond sold 29,168 shares worth nearly £70,000 as part of the firm’s long-term share award schemes.

He also kept some 27,000 of the new shares, taking his total holding above 13.23m.

But his payout yesterday was eclipsed by BarCap’s co-chief Rich Ricci, who netted more than £9.7m by selling all 4m shares awarded.

Fellow co-chief Jerry del Missier also sold more than 4m shares, raking in £10.8m. BarCap generated half of Barclays’ pre-tax profits in 2011.

Others who cashed in included finance director Chris Lucas, who sold 613,536 shares; Barclays retail banking head Antony Jenkins who sold nearly 789,231; and wealth management head Thomas Kalaris who sold 471,187.

The share sales – which reflect awards to executives that the bank has already announced – took place on 12 March, when Barclays’ share price stood at 239.88p.