Wednesday, 4 July 2012

Bob @ the committee

For the last three hours I have listened to a Treasury Select Committee question Bob Diamond former Chief Executive of Barclays Bank.

In my opinion [I am not an expert] this man is very naive and I am appalled that he has been able to command a salary of £20 million pounds a year.

He believes that everything bad at Barclays has been committed by 14 traders who have been sacked even though the period that the committee was talking about was spread over seven years.

It is perfectly clear that Bob Diamond has washed his hands of the affair, resignation is not a problem for him as he is going to walk away what most of us would call a fortune, but he probably calls a just reward.

It is another world...

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