Barclays Agrees Final Settlement with Bob Diamond

Tue, 07/10/2012 - 07:29 EDT - The Curious Capitalist

(LONDON) — UK bank Barclays has agreed a resignation package with ex-chief executive Bob Diamond where he will forfeit up to 20 million pounds ($31 million) in bonuses and incentives but receive a year’s salary, pension and other benefits worth 2 million pounds. Diamond resigned last week after Barclays was fined $453 million by U.S. [...]

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Barclays agrees final settlement with Bob Diamond
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NO BONUS: U.K. bank Barclays has agreed a resignation package with ex-CEO Bob Diamond that calls for him to forfeit up to 20 million pounds ($31 million) in bonuses and incentives, but receive a year's salary, pension and other benefits worth 2 million pounds ($3.1 million).
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