Diamond Quits as Pressure Mounts on Barclays Over Libor - Bloomberg

Diamond Quits as Pressure Mounts on Barclays Over Libor - Bloomberg
Diamond became the public face of both the company and the industry, being branded the “unacceptable face of banking,” by the-then Business Secretary Peter Mandelson in 2010 over his compensation. His 12 million-pound remuneration, including a 5.75 million-pound payment toward his personal tax bill last year, made him Britain’s top-paid bank CEO. In January 2011 he told Parliamentarians that the time for “remorse and apology” for banks needed to be over, prompting political outcry.