This is some serious perspective people. While many people are worrying about how to put the next meal on their table, Bob Diamond, the ex-boss of Barclay’s Bank in London walks away from $31 million in bonuses. Yes, I said $31 million dollars: not 31 thousand or 301 thousand or 3.1 million, but $31 million. That is some serious perspective for your ass!!! Bob Diamond resigned as boss of Barclays in the wake of a rate-rigging scandal.
Former Barclays bank chief executive Bob Diamond will voluntarily give up bonuses worth $31 million after he resigned in the wake of a rate-rigging scandal, the bank said Tuesday.
Diamond will still receive 12 months salary after his resignation last week, the bank said Tuesday. That’s £1.35 million (about $2 million), according to the bank’s annual report.
It is twice as much as he is entitled to under his contract, which has a six-month notice period, bank chairman Marcus Agius said.
Agius, giving evidence to the Treasury Select Committee inquiry into the scandal, said Diamond’s decision was one which “the board welcomes and I am glad he has done it.”
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