Tools Of The Trade: How Bob Diamond Shoots Fish In A Barrel

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Sep 11, 2009

We've just started reading the monstrously long Esquirearticle on Barclays buying Lehman (ten pages online? Be serious), but wanted to get this out there now in case any of you are in the midst of a dry spell and were looking for some inspiration re: how to nail an employee from one of the greats:

He has a habit of taking off his suit jacket and slinging it over his shoulder before sitting on the edge of one of the trading desks -- a habit that his traders describe as his move, as in, "he has this thing he does with his jacket, when he wants to talk to us, it's his move..."

If anyone else-- Llloyd-- has some patented seduction techniques, whether your own or ones that have been used successfully on you by your boss to share with the group, please do so at this time.

News

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]

News

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