Someone on Barclays' PR team ate his weetabix today. Amid all the budget news, Barclays quietly announced its senior staff bonuses. @BBCBreaking tweeted:
Barclays Bank confirms nine senior staff have received nearly £39m ($59m) in shares
— BBC Breaking News (@BBCBreaking) March 20, 2013
Sky News wrote about the pending announcement earlier today:
The share awards relate to allocations made in previous years as part of deferred long-term incentive plans, and cover the executives on Barclays' board and its top-level management committee.
Among the others who will receive big share awards today are Antony Jenkins, Barclays' new chief executive and Chris Lucas, its outgoing finance director.
The timing of Barclays' announcement - coming on the same day as George Osborne's Budget statement - leaves the bank open to accusations that it is attempting to conceal the potentially-controversial share payouts.