32% of Barclays Bank shareholders today refused to back the company's remuneration report. Barclays chief executive Bob Diamond had received a £1.35m salary and a £2.7m bonus for 2011, as well as £2.25m in long-term incentive payments. Roger Barker, the head of corporate governance at the IoD, told the BBC's Today programme: "Executive pay over the last decade has just got out of kilter with performance. It's now at the wrong level, it's become very opaque, very complex and we really I think need to get it on a much more sustainable level." But he said that shareholders had to do more to rein in overpaid executives. http://www.bbc.co.uk/news/business-17860232 Credit Suisse is suffering a similar shareholder pay revolt: http://www.reuters.com/article/2012/04/27/us-barclays-creditsuisse-agm-idUSBRE83Q0IJ20120427
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| Barclays performance chart (BBC) |
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