Diamonds Aren’t Forever?

The annual meeting of the shareholders of Barclays Bank is coming up tpwards the end of the month, and there are moves to vote against some of the bonuses received – including that of chief executive Bob Diamond – by Pensions and Investors Research Consultants.

Part of what they claim is that Mr Diamond’s renumeration last year was close to £12,000,000.

Although they do have some big instituational shareholders on their side, it is thought unlikely that they will be able to get a big enough share of the vote to win the day.

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