Earlier this year, in my May column, I vigorously attacked Barclays after its chief executive, Bob Diamond, received over £20 million as his 2011 compensation. I was particularly incensed about a tax equalization pay-out of £5.7 million meant to compensate Diamond for exiting the US tax system when he returned to the UK to take up the chief executive role. “Barclays’ chairman, the garden-loving Marcus Agius, is compromised…” I thundered. “The bank’s remuneration committee should all be fired, starting with its head, Alison Carnwath….
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