Barings bank bonus demand

A "STAR" Barings Bank boss, accused of incompetence following the Nick Leeson disaster, is still demanding a £500,000 sterling…

A "STAR" Barings Bank boss, accused of incompetence following the Nick Leeson disaster, is still demanding a £500,000 sterling performance bonus, an industrial tribunal heard yesterday.

Bank chiefs operated a profit related bonus scheme for high flying staff but the day after they allegedly promised Ms Mary Walz half a million pounds, the Leeson affair hit them, the London tribunal heard.

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