Jerry del Messier lands huge Barclays payout

Stat of the day: £8.75m. If you thought the Barclays Boys were still going to get huge payouts after the rate fixing scandal and their resignations, then you were, erm...correct! Jerry del Missier, the former Barclays executive has negotiated himself a nice payout of almost nine million quid.

by Michael Northcott
Last Updated: 09 Oct 2013

His pal, former CEO Bob Diamond gave up a £20m payout to which he was entitled, but still walked away with around £2m worth of other benefits. But Del Missier too, despite having been embroiled in the Libor scandal which cost the bank £290m in fines and has attracted the attention of the Serious Fraud Office, is a richer man today.

The scandal, which involved traders trying to manipulate the rate at which banks lend to each other to improve their trading position, has also seen the departure of chairman Marcus Agius. We’re not sure what kind of payout he’ll get just yet, but remember, these three men were the big guns – they’ll make sure they’re not the losers in all of this. 
Don’t worry lads, the bank’s savers will take the hit for you!

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