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Disgraced Barclays boss who quit over interest rate rigging scandal exits with £9m payoff
A Barclays boss who resigned in disgrace over the interest rate rigging scandal has been handed a cash payoff worth almost £9million, it emerged last night.
Jerry del Missier will receive the £8.75million windfall despite ordering traders to manipulate crucial interest rates used to set mortgages and trillions of pounds in complex investments.
Barclays was fined £290million by US and UK regulators over the scandal last month, leading to the resignation of chief executive Bob Diamond and chairman Marcus Agius.
Source and full story: Daily Mail, 26 July 2012
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Comments
Re: Disgraced Barclays boss who quit over interest rate...
The revolving door of the usury crime syndicate. 'Quit in disgrace'? How about, "was shuffled off to prison??" Seems we never see that, except in Iceland. The world should follow Iceland's example and hang 'em high!