|
Shareholder Jennifer Kramer responded that "the problem is with the remuneration and not with how it was communicated." Simon Walker, director-general of the influential business group, the Institute of Directors, joined the criticism of Barclays pay structure earlier this week. "I think Barclays, overall, is out of order and that includes Bob Diamond," Walker said. "Barclays pays three times more in bonuses to top executives than it does in total dividends to all its shareholders." In a formal response to a government consultation, Walker said Barclays was not the only offender. "Out of control remuneration at some FTSE companies is damaging the reputation of British business as a whole," he said, recommending that pay should be subject to approval by a majority of shareholders.
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor