Figures are from Barclays Results Announcements and Annual Reports. This graph doesn’t really require much in the way of commentary, does it? It isn’t hard to see where most of the spare cash Barclays generates is going, and it certainly isn’t to the shareholders who were nearly wiped out in the financial crisis.
Since Legal & General Investment Management, Standard Life and Insight Investment are amongst the readers of cantankerous, isn’t it about time institutional shareholders took action to ensure that Barclays is run like a plc rather than an employee partnership? If you want a copy of the spreadsheet to check the figures, get in touch – they really are unbelievable.