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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 [...]

Sorry Nadine, the Prime Ministers were right

Nadine Dorries get hysterical about the public exposure of MPs expenses. Prime Ministers have understood the public mood all too well. Mass suicide is only likely if Brown calls a snap general election. [...]

This YAQ could destroy our democracy

Gordon Brown is now proposing that Yet Another Quango (YAQ) should regulate the House of Commons. Yet the House of Commons already has a regulator – the electorate. This proposal threatens to create a topsy-turvy democracy, where an unelected YAQ lords it over the sovereignty of Parliament. We’re got enough problems with Brussels never mind YAQ.

Are [...]

Expenses are only a symptom, not the cause, of the Middle Class Tax Revolt

Many MPs and journalists have been worrying about the damage that the Telegraph‘s daily exposés are having on the reputation of Parliament. Iain Dale, writing about his friend Nadine Dorries’ treatment by the Daily Telegraph, questioned, as have many other commentators, for how much longer the media frenzy can continue:

The Telegraph is publishing yet another raft of allegations against MPs tomorrow. [...]

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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

Sorry Nadine, the Prime Ministers were right

This YAQ could destroy our democracy

Expenses are only a symptom, not the cause, of the Middle Class Tax Revolt

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