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Bob Diamond.....hang your head in shame.

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Bob Diamond.....hang your head in shame.

Post  Panda on Sat 10 Mar - 7:59



Barclays Bank made a loss last year yet Bob Diamond earns £27.5 million AND the Banlk pays his £5.3 million Income Tax.!!!!!!!! You have to blame the
shareholders for this as well as the Board of Directors. At a time when unemployment is so high and Banks are making so many Staff redundant this
beggars belief.

The Banks are still refusing to lend to small Businesses.

Panda
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Re: Bob Diamond.....hang your head in shame.

Post  Keela on Tue 13 Mar - 15:13

Panda wrote:

Barclays Bank made a loss last year yet Bob Diamond earns £27.5 million AND the Banlk pays his £5.3 million Income Tax.!!!!!!!! You have to blame the
shareholders for this as well as the Board of Directors. At a time when unemployment is so high and Banks are making so many Staff redundant this
beggars belief.

The Banks are still refusing to lend to small Businesses.


It really makes you sick when you hear of these people getting such obscene amounts just for doing their job. The shares which he received aren't subject to tax although they should be because they form part of his income. I know that Barclays didn't get a bail out from the taxpayers but it still doesn't make it any better when you think that everyone else in the country is having to watch the pennies, many haven't had a pay rise for at least 2 years, some longer. I wonder what kind of return the shareholders are getting, they must be happy with their lot to have voted this man such an abhorrent salary plus perks.

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Re: Bob Diamond.....hang your head in shame.

Post  Panda on Tue 13 Mar - 16:08

Keela wrote:
Panda wrote:

Barclays Bank made a loss last year yet Bob Diamond earns £27.5 million AND the Banlk pays his £5.3 million Income Tax.!!!!!!!! You have to blame the
shareholders for this as well as the Board of Directors. At a time when unemployment is so high and Banks are making so many Staff redundant this
beggars belief.

The Banks are still refusing to lend to small Businesses.


It really makes you sick when you hear of these people getting such obscene amounts just for doing their job. The shares which he received aren't subject to tax although they should be because they form part of his income. I know that Barclays didn't get a bail out from the taxpayers but it still doesn't make it any better when you think that everyone else in the country is having to watch the pennies, many haven't had a pay rise for at least 2 years, some longer. I wonder what kind of return the shareholders are getting, they must be happy with their lot to have voted this man such an abhorrent salary plus perks.

hi Keela, the best part is, the Bank didn't make a profit this Year.!!!

At least the Goverment is trying to stop the rot and public opinion is strong.

Panda
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Investors revolt over diamond's paypacket.

Post  Panda on Mon 9 Apr - 8:56


Barclays is reported to have held meetings with investors
4:40pm UK, Sunday April 08, 2012

A shareholder revolt is set to hit banking giant Barclays over the pay of its chief executive Bob Diamond.
Investors holding more than 10% of the company's shares are reportedly planning to vote against the bank's remuneration report at its AGM later this month.

They are said to be angry over a £5.7m tax payment made on Mr Diamond's behalf.

The payment was part of an overall package of income and bonuses worth £17.7m, The Sunday Telegraph reported.



Diamond's pay has been a source of tension (library image)

The bonuses were awarded despite Mr Diamond's admission the bank's return on equity, a key performance measure, was "unacceptable".

The bonuses in question reportedly included more than £6m for the co-heads of Barclays Capital.

Leading investors Standard Life, Fidelity, Aviva and Scottish Widows are believed to be preparing to vote against the bank's remuneration report or the re-election of Alison Carnwath, the chairwoman of the bank's remuneration committee.

Barclays is reported to have held meetings with shareholders and argued the bank needed to maintain its pay levels if it is to remain in the global top-tier of investment banks.

However, much of the criticism has focused on the handling of the £5.75m payment made by Barclays to cover a tax bill triggered by Mr Diamond's move from New York to London early last year, The Sunday Times said.

Guy Jubb, head of corporate governance at Standard Life Investments, said: "The striking thing is that there was not better communication to signal the tax equalisation payment.

"I don't believe anyone had an inkling that this payment, which is almost the largest figure in the remuneration report, was going to surface."



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Re: Bob Diamond.....hang your head in shame.

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