DIAMOND’S PAY SLAMMED BY IOD

HEAD of the Institute of Directors (IoD) Simon Walker yesterday
criticised the size of Barclay’s chief executive Bob Diamond’s remuneration package.

“I think Barclays, overall, is out of order and that includes Bob Diamond. Barclays pays three times more in bonuses to top executives than it does in total dividends to all its shareholders,” he said at its conference in London yesterday.