Bob Diamond Lieutenant Jerry Del Missier Ended Up Faring A Bit Better In The Parting Gifts Department Than The Boss

The bad news is that former Barclays chief operating officer Jerry del Missier is still out of a job and it may be some time before he gets a new one, on account of “investigations conducted by American and British authorities [demonstrating] he was a central figure” in the scandal du jour and “asked other bank officials to lower the firm’s submissions to Libor.” The good news is that Jer is still (probably) getting paid, unlike some people he knows.

Barclays was mired in fresh controversy on Wednesday night after handing almost £9m to a top banker who left following the Libor scandal and after one of its highest profile non-executive directors suddenly quit, taking the toll at the top to four. Jerry del Missier, who resigned after telling subordinates to reduce the bank’s Libor submission during the October 2008 banking crisis, was reported to have been handed £8.75m cash as part of his leaving package.

Shadow Treasury minister Chris Leslie called on del Missier to follow Diamond and waive the bulk of his payoff. “Having resigned from Barclays over the Libor fixing scandal, people will find the scale of this award completely inappropriate. Bob Diamond rightly waived most of his pay off and Mr del Missier ought to do the same,” Leslie said.

£9m leaving deal for Barclays deputy Jerry del Missier [Guardian]
Former Top Barclays Official in Line for $13.6 Million Payout [Dealbook]

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107 Responses to “Bob Diamond Lieutenant Jerry Del Missier Ended Up Faring A Bit Better In The Parting Gifts Department Than The Boss”

  1. MHA says:

    Why not? The UBS IB'ers waived their zero balance bonus checks.

  2. Guest says:

    Hey Bobby, tell me how my ass tastes!

    -Del Taco Missier

  3. John Paulson says:

    No worries Bob, getting paid is so last decade.

  4. Guest says:

    Hey Bob, I banged your daughter!

    -Nigel Mansell

  5. Nicky S. says:

    Funny thing is Bob will still be in his office @ 745 7th ave for at least a year. He's not out of there… yet.

  6. HFguy says:

    A face only a mother would love………………………..NOT

  7. John says:

    It must be friday, I read the title as Bob Diamond Lieutenant Jerry Del Missier Ended Up Farting a Bit Better Than the Boss.

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