Is the tide turning against egregious pay packages for top bankers at last?
At a stormy Barclays AGM yesterday, nearly one-third of shareholders refused to endorse the company's executive pay package. Around 27% explicitly voted against the deal, which includes a total package for chief executive Bob Diamond of £13 million, after a year in which the bank's shares fell sharply. It includes a £5.75m US tax payment.
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