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Top Boss On Track For $30m Pay Pack (And Then Some)

While the likes of former Bear CEO Jim Cayne and Morgan Stanley boss John Mack took no bonus for 2007 (and the likes of Chuck Prince at Citi, Stan O'Neal at Merrill and Peter Wuffli over at UBS all fell on their swords or got the boot), Barclays President Bob Diamond, who heads up Barclays Capital , Barclays Wealth and Barclays Global Investors, enjoyed a better year. Although Barclays sustained subprime-related losses of around $2.6bn in the 4 months to October, these were relatively insignificant compared to the huge losses sustained by rival firms. So, Bob's on track for a $30m pay-out for 2007. He'll likely get a bonus of almost $29m on top of his $500,000 base salary. And then he'll get share options too.

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