It has been revealed that the European arm of the world’s largest fixed-income and asset manager, PIMCO EUROPE, paid its top executive almost £30 million for 2011. The unnamed manager received £29.9 million, 17% higher than the amount PIMCO EUROPE handed its top earner in 2010. Surprisingly, this is despite a fall in profits at the group, which crashed about 29% to £14.9 million, down from £20.9 million in 2010. In addition, the pay package is more than double the US$22.9 million that Jamie Dimon (who is CEO of JPMORGAN) received in 2011. Jamie was Wall Street's highest-paid banker last year.