Barclays president Bob Diamond stands to make a $26m profit on the bank’s sale of its Barclays Global Investors unit to BlackRock, according to the UK bank, reports Bloomberg. Diamond, who has been BGI’s executive chairman since 2003, would receive a “net consideration” of about $36m for his shares and options, having paid $10m for the holding between 2003 and 2009, Barclays said. Diamond was awarded BGI stock and options before joining its board in 2005.
