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What the CEO of Barclays Bank, Bob Diamond, really meant to say in that memo

Here’s Bob Diamond’s memo, with a few italicized changes to make it seem more sincere…

It has been an incredibly tough period for all of you given the nature and volume of negative comment that has come against Barclays in the past few days as I cling onto my ‘total remuneration package’ and sacrifice my friends whilst hanging [...]

GSK and Barclays: Excessive pay, weak corporate governance, greed and lack of ethics go together

Drugs company GSK has just been fined an astonishing $3 billion by regulators in the US for fraud which Deputy US Attorney General James Cole described as “unprecedented in both size and scope”. GSK marketed drugs for purposes for which they were unapproved, including to children, and failed to report adverse cardiovascular trial safety data. The [...]

The resignation of chairman Marcus Agius demonstrates the complete breakdown of corporate governance at Barclays Bank

Marcus Agius should, and could, have sacked Barclays CEO, Bob Diamond, over the LIBOR scandal, which has destroyed Barclays’ reputation with the public, regulators and governments, particularly in the UK and United States. It has also cost the bank more than a staggering one quarter of a billion pounds (about $450 million) so far, but multi-million [...]

Barclays Capital Pay vs Barclays Dividends: Another chart Bob Diamond won’t be showing shareholders this year

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 [...]

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What the CEO of Barclays Bank, Bob Diamond, really meant to say in that memo

GSK and Barclays: Excessive pay, weak corporate governance, greed and lack of ethics go together

The resignation of chairman Marcus Agius demonstrates the complete breakdown of corporate governance at Barclays Bank

Barclays Capital Pay vs Barclays Dividends: Another chart Bob Diamond won’t be showing shareholders this year

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