09
Mar
2012
Waiting for Bob Diamond’s Bonus, Part 3: The Reckoning
Categories: Financial Services, Taking & Managing Risk
Barclays announced Bob Diamond's pay package this morning when it filed its annual report. As expected, the news media is pouncing on not only the bonus, but the bank's poor performance and regulatory woes. Here's the FT's take:
"While overall pay is lower this year – largely because of a sharp fall in profits at Barclays’ investment banking division – it is nevertheless likely to stir up the debate around banker bonuses.
"The revelations follow a difficult few weeks...
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