27% of shareholders vote against Barclays executive pay deals
Shareholders have revolted against the pay awarded to the Barclays' boss at the bank's annual general meeting, with nearly 27% of investors voting against the bank's pay deals.
Last year the bank's chief executive, Bob Diamond, received pay and bonuses adding up to £6.3m, even though share prices have been falling.
The chairman apologised to shareholders for "not sufficiently taking on board" their views about large executive pay awards.
Robert Peston reports.
27 Apr 2012
- From the section Business