BusinessCompany NewsLucas joins the £1m club at Barclays

Lucas joins the £1m club at Barclays

Banking giant's FD rakes in seven-figure windfall after only nine months in the FD chair

Chris Lucas has been paid more than £1m after only nine months as the FD of
Barclays.

Breakdowns
in the company’s annual report showed that Lucas was paid £1.035m consisting
of a £50,000 monthly wage and £585,000 in benefits and annual bonus.

His annual salary, which stood at £600,000, will now be increased to £650,000
as of next week.

Despite his good fortune, Lucas’ pay packet is dwarfed by his predecessor’s.
Naguib Kheraj raked in more than £650,000 in the three months before his
official departure on 31 March 2007. Kheraj’s wage for his last full financial
year as Barclays FD was £2.6m.

Further reading:

PwC
partner to run finances at Barclays Bank

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