Late Lunchtime Links: Protium bankers demonstrate how to extract an incredibly good deal from your employer

If you want an example of employees getting a great deal from an investment bank, look no further than the group of 80 bankers working for BarCap's Protium vehicle. As the Telegraph points out today, they're being paid 85m for 18 months' work.

Given that their contract is ending prematurely, they've also received an assurance that Barclays will invest $750m for three years in a new fund, 'Helix,' which they will set up.

How can this be? According to the Telegraph, the Protium bankers extracted a favourable contract initially by threatening to leave BarCap entirely and set up their own fund. Had this happened, BarCap wouldn't have known where the bodies were buried. A mere 10% fall in some of Protium's assets would have led to a $1.2bn loss for BarCap. In the circumstances, 85m is clearly small change.

Barclays has reminded investors that it is, in effect, just another UK bank restructuring play. (Financial Times)

Pay trebled for London-based directors at Goldman Sachs last year, while profits fell 75%. (Evening Standard)

Standard Bank CEO's pay doubled last year while profits declined. (Bloomberg)

Pyramis Global Advisors, part of Fidelity, is pursuing an 'aggressive growth strategy' in the UK. (Financial News)

Average compensation at Glencore is $400k. BAML says this may be insufficient to retain top people. (The Times)

Citigroup is hiring hundreds of people in Brazil and now employs 7,000 people there. (Financial Times)

Become a forensic manager scrutinising developers in Ireland. (Nama Wine Lake)

I want to work for the Goldman Sachs. (XtraNormal)

How Goldman Sachs created the food crisis. (ForeignPolicy)

Name your child Peter or Deborah if you want them to be a CEO. (Gawker)