Barclays’ bosses are to put pressure on Bob Diamond, the bank’s chief executive who last week stepped down over the Libor rate-fixing scandal, not to accept his full pay-off worth up to £17 million.
What\’s your hold over him? Your leverage?
You did fire him and he does have a contract. He\’s not hanging around from a knighthood or peerage (he\’s a septic after all). He\’s not going to be offered another job in a publicly traded company I would have thought. Hedge fund world, maybe, but there\’s no leverage for you there.
What are you going to offer him instead of the £17 million?