How much did Britian's top bankers earn?
Updated on 04 February 2009
Channel 4 News online looks at how much Britain's top executives at bailed-out banks earned.
Barack Obama today kicked off a campaign to dramatically limit bonuses for top executives at failed banks and companies.
The US president will issue rules limiting executive pay to $500,000 (£347,000) a year for companies getting taxpayer bailout funds.
The move has prompted calls for similar limits in the UK, where banks - and last month, car manufacturers - received billions of pounds in government funds to stay in business.
Channel 4 News online looks at how much Britain's top bankers at bailed-out institutions earned.
Figures are based on most recently published annual accounts. This data comes from annual reports published in 2008, and therefore relate to 2007/8 salary levels, before they were receiving government handouts.
Salary figures include bonus payments, for example, Sir Fred Goodwin received £4,190,000 in 2007 in total. In some cases we have provided updated salary amounts for successors, or those still in post.
Royal Bank of Scotland
Taxpayer funds received: £20bn.
Sir Fred Goodwin
Group chief executive
Salary £4,190,000, including £2,860,000 bonus.
He has an £8.37m pension pot that will pay him £579,000 when he reaches the bank's retirement age. He stepped down last month.
His successor Stephen Hester is making £1.2 million a year. There will be no bonuses paid out for 2008, and any bonuses for this year will be paid in shares.
Johnny Cameron
Chief executive, corporate markets
£3,256,000 inc £1.9m bonus.
Mr Cameron formally leaves his post at the end of this month, and has been linked with a new role at Greenhill, the investment bank.
Guy Whittaker
Group finance director
£2,450,000 inc £1,425,000 bonus.
Sir Tom McKillop
Chairman
Originally due to retire in April - brought forward his departure to allow successor Sir Philip Hampton to complete an overhaul of the troubled bank's board this month. He was paid £750,000 as chairman of RBS in 2007.
HBOS
Taxpayer funds received: £17bn. HBOS was taken over by Lloyds TSB last year.
Peter Cummings
Corporate chief executive
£2,606,000, inc £1.6m annual cash incentive and biennial incentive of £172,000.
He took early retirement last month.
Andy Hornby
Chief executive
£1,926,000, inc £449,000 annual cash incentive and biennial incentive of £245,000.
Mr Hornby left his post but was employed in a £60,000-a-month consultancy job by new owners Lloyds TSB.
Phil Hodkinson
Group finance director
£1,269,000, inc £297,000 annual cash incentive and biennial incentive of £168,000.
Left HBOS on the 31 December 2007, now a board member of HM Revenue & Customs. He has also joined investment firm Resolution.
Lloyds
Injection of up to £5.5bn of government funds.
Eric Daniels
Group chief executive: £2,884,000, inc £1.8m in bonuses.
Mr Daniels retains a salary of £1.03m a year, with a bonus of up to 225 per cent of his salary. 2008 bonuses are likely to all be paid out in shares.
Terri Dial
Group executive director, UK retail banking, £1,995,000, inc £1,081,000 in bonuses.
Terri Dial moved to US bank Citigroup in the spring of 2008.
Helen Weir
Group finance director: £1,586,000, inc £909,000 in bonuses.
Helen Weir is now group executive director of UK retail banking at Lloyds.
Northern Rock
Nationalised via subsidies of taxpayers' money and liability of up to £55bn.
Adam Applegarth
Chief executive: £785,000
He left the bank in December 2007. Ron Sandler replaced him on a reported £90,000 a month.
David Baker
Deputy chief executive: £476,000.
He stood down as part of a boardroom reshuffle in 2008.
Andy Kuipers
Chief executive:£395,000.
Resigned from the board on 7 September 2008.
His successor Gary Hoffman is paid £700,000 a year. No bonuses have yet been awarded for 2008: any would have to be agreed by a special committee.
Replacements for these executives are reported to be on up to £700,000 in basic annual salary, with three separate payments of up to £400,000.
Bradford and Bingley
Nationalised via subsidies of taxpayers' money and liability of up to £150bn
Steven Crawshaw
Group chief executive
£1,112,548.
Left in August 2008 due to ill health. His successor the Richard Pym - now himself on the verge of leaving - earns £750,000 a year - with a minimum bonus plan of 100 per cent of that again.
Chris Willford
Group finance director
£700,572.
Robert Dickie
Group operations director
£480,500.
He left his post in April 2008.
Additional research provided by the Taxpayers' Allowance.
