Barclays Bosses

[Miss Creant Commander of the picklement and baking BAb(Hons)]

http://www.independent.co.uk/news/business/news/barclays-chief-apologises-over-bob-diamond-pay-row-7684521.html

The chairman of Barclays apologised to shareholders today as he moved to head off a showdown over the pay of chief executive Bob Diamond.

At the start of the bank's annual meeting, Marcus Agius admitted the bank's bosses "have not done a good enough job in articulating our case".

Mr Diamond received £17.7 million in salary, bonus, benefits and vested long-term share awards last year - despite admitting his bank's performance was "unacceptable".

The meeting was due to hear calls for remuneration committee chairman Alison Carnwath to stand down and for the 2011 pay report to be thrown out.


I know that we have seen it all before but I bank with Barclays and right now my fury knows no bounds. I feel physically sick. It is a mixture of things, disgust and helplessness being the top two I think.

I am going to spend some time over the weekend looking at other banks and I know that none of them are brilliant. I know that closing my account with Barclays will make not one iota of difference but it might make me feel better.

[Uncle Mort]

I'm not a Barclays customer but even if I was I wouldn't get upset with Bob Diamond's pay, be it 17.7 million or the more oft quoted figure of 6.3 million (down from 9 million the year before) I believe the indy might be massaging the figures somewhat. Anyway, Barclays made a profit of 5.88 billion. Not that "unacceptable" in my mind. Maybe the dividends to shareholders could have been more but as long as they've provided a good service to you personally why get upset?

[Miss Creant Commander of the picklement and baking BAb(Hons)]

You are probably right Uncle and I am not saying that how I feel is logical. This country is going to hell in a hand cart those at the top are a corrupt bunch of crooks (to put it mildly) and we get spoon fed pap telling us that we are all in this together. Bollocks are we. So my rage is not really directed at Bob Diamond it's directed at the whole stinking festering lot of them.

Having said all that we get an extra Bank Holiday and a street party so it's all OK really.

[Uncle Mort]

You realise of course that the corrupt bunch of crooks in charge are very happy to have the people direct their anger at the bankers.

[apc2010]

You realise of course that the corrupt bunch of crooks in charge are very happy to have the people direct their anger at the bankers.

Zackly........

[Miss Creant Commander of the picklement and baking BAb(Hons)]

You realise of course that the corrupt bunch of crooks in charge are very happy to have the people direct their anger at the bankers.

Indeed, which is exactly why I spread my anger around in a liberal manner. Right now Bob has taken a back seat, my ire is directed at the tosser that sort of lives at number 52.  He allows his son to keep 5 dogs cooped up in a kennel for 23 hrs a day. Not surprisingly the dogs bark almost incessantly. I want to keel him, them, the councils environmental enforcement team, the RSPCA and several members of the local constabulary.

As I said not necessarily logical but piss boilingly frustrating nonetheless.


Umm National kill a dog day has a certain ring to it.

[Pastis]

I am going to spend some time over the weekend looking at other banks and I know that none of them are brilliant. I know that closing my account with Barclays will make not one iota of difference but it might make me feel better.

It might also make you slightly better off.  I kicked Barclays into touch nearly three years ago and probably should have done it earlier. The reason? Bank charges and zero interest. Santander are not brilliant but I've paid zero in charges and they've added interest.

[Pastis]

Yet more ... which they kept quiet about   

You total, conniving bunch of knuts

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9359362/Bob-Diamond-forgoes-bonus-as-Barclays-fined-for-Libor-manipulation.html

[Uncle Mort]

One member of the LIBOR panel can't really influence the rate by much, certainly not enough to seriously affect personal mortgage and loan rates. However, as the production of "benchmark" rates relys on honesty and integrity any transgrestion should be punished as harshly as is allowable.

Keeelll them!

[Marley's Ghost (Imbiber of Spirits)]

Agreed, manipulating LIBOR isn't going to make a whole hell of a lot of difference to individual account holders, but - when you look at the amount Barclays have on deposit overnight (based on LIBOR) then even 0.01% would make them a very nice piece of Diamond's wages.

[rant_on] (as an aside - one of my pet hates: tautology - LIBOR = London InterBank Offered Rate. Note the last word! So often folk talk about the LIBOR Rate - that's saying: London InterBank Offered Rate Rate) [rant_off]

[Snoopy]

You realise of course that the corrupt bunch of crooks in charge are very happy to have the people direct their anger at the bankers.

Indeed, which is exactly why I spread my anger around in a liberal manner. Right now Bob has taken a back seat, my ire is directed at the tosser that sort of lives at number 52.  He allows his son to keep 5 dogs cooped up in a kennel for 23 hrs a day. Not surprisingly the dogs bark almost incessantly. I want to keel him, them, the councils environmental enforcement team, the RSPCA and several members of the local constabulary.

As I said not necessarily logical but piss boilingly frustrating nonetheless.


Umm National kill a dog day has a certain ring to it.

 

[Uncle Mort]

[Just One More]

 

[Miss Demeanour]

[Miss Creant Commander of the picklement and baking BAb(Hons)]

Agreed, manipulating LIBOR isn't going to make a whole hell of a lot of difference to individual account holders, but - when you look at the amount Barclays have on deposit overnight (based on LIBOR) then even 0.01% would make them a very nice piece of Diamond's wages.

[rant_on] (as an aside - one of my pet hates: tautology - LIBOR = London InterBank Offered Rate. Note the last word! So often folk talk about the LIBOR Rate - that's saying: London InterBank Offered Rate Rate) [rant_off]

Some interesting reading here....

http://www.ianfraser.org/the-wages-of-sin-bankers-on-the-fiddle/