Bankster wants to make sure he claims his last heist

[marmar]

(Guardian UK) Bob Diamond, former boss of Barclays, indicated he was ready to fight for his payoff of up to £22m at a parliamentary hearing. He told the Treasury select committee he "got physically ill" when he first read an exchange of emails between the 14 Barclays staff who manipulated interest rates.

Diamond used a series of descriptions such as "reprehensible", "bad" and "abhorrent" as he made his first public appearance since resigning from the bank he "loves" on Tuesday after 16 years – and 18 months at the top.

The American-born banker – who has been paid about £100m since 2006 – missed an opportunity to quell any controversy about a potential payoff when asked about the need for claw back and giving up share awards after the £290m fine for rigging rates was announced last week.

Labour MP Andrew Love asserted that "there has to be recognition in that final payoff of what went wrong". But Diamond insisted "that is a question for the board". ..................(more)

The complete piece is at: http://www.guardian.co.uk/business/2012/jul/04/bob-diamond-payoff-treasury-select-committee