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Bob Diamond Knows Only One Way To Run A Bank

And the locals don't like it.
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No, wait! I've got it all figured out! You'll see!

And the Bob Diamond way isn’t necessarily proving any more popular or successful in Africa than it was in London.

Some investors are questioning the lavish pay doled out to managers at the investment vehicle set up by the ex-Barclays chief executive. Local regulators have delayed a key Atlas Mara hire. The vehicle’s publicly traded shares have nose dived. And corporate-governance experts are criticizing a personal shareholding by Mr. Diamond in one of Atlas Mara’s acquisition targets, which wasn’t fully disclosed until months after Atlas Mara offered to buy it.

Bob Diamond’s African Banking Venture Runs Into Problems [WSJ]


By TonyTheTiger (Own work) [CC BY-SA 4.0], via Wikimedia Commons

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