Barclays fraud bank’s boss gets millions

Dear Kitty. Some blog

Bob Diamond cartoon

By Tony Patey in Britain:

Barclays bungs Diamond £2m on his way out

Tuesday 10 July 2012

by Tony Patey

Barclays boss Bob Diamond walked out of his job at £40,000 a footstep, it was revealed today, a week after he quit amid a rate-rigging scandal.

Mr Diamond – who has already raked in millions as a high-flying banker – is expected to receive £2 million after deciding to forego a potential £20m in bonuses and share awards.

So when he walked out – with immediate effect – of Barclays’ headquarters in Canary Wharf he took the lift from his 31st-floor office and made £40,000 a stride as he went 50 metres to the door.

He has agreed to take up to 12 months’ salary, his pension allowance and other benefits, the bank said in a statement, which works out to around £2m.

Unreality also extended to the world of…

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