Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Ichingcarpenter

(36,988 posts)
Tue Jul 10, 2012, 08:25 AM Jul 2012

Romney to attend London fundraising dinner hosted by Barclays boss Bob Diamond

The price of invitations dwarfs the amounts paid for such fund-raisers in British politics. Each guest must pay between $25,000 (£17,000) and $75,0000 (£50,000) for a seat at the dinner, which will be hosted by Bob Diamond, the chief executive of Barclays.

On Wednesday, Diamond, who is from Massachusetts, announced that this year he would forgo his bonus — which was £2.7?million in 2011 — after Barclays was fined £290?million by the American authorities for attempting to manipulate the interbank borrowing rate Libor.

Guests at the dinner, which will take place at an unspecified venue in central London, have been told that they must provide a copy of an American passport.

http://www.telegraph.co.uk/news/worldnews/us-election/9360144/US-election-2012-Mitt-Romney-to-attend-London-fundraising-dinner-hosted-by-Barclays-boss-Bob-Diamond.html

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Romney to attend London fundraising dinner hosted by Barclays boss Bob Diamond (Original Post) Ichingcarpenter Jul 2012 OP
only Diamond won't be there maddezmom Jul 2012 #1
The rest of them will be. DCKit Jul 2012 #2
He can't be malaise Jul 2012 #5
K&R for the arrogant flaunting of their wealthcare for all to see. n/t BumRushDaShow Jul 2012 #3
Show me your friends and I'll tell you who you are malaise Jul 2012 #4
Ex-boss. He resigned / was pushed out. nt CJCRANE Jul 2012 #6
 

DCKit

(18,541 posts)
2. The rest of them will be.
Tue Jul 10, 2012, 08:40 AM
Jul 2012

But, please, let's wait until August/September to tie Rmoney to all these filthy, dirty bankers.

malaise

(267,461 posts)
4. Show me your friends and I'll tell you who you are
Tue Jul 10, 2012, 08:47 AM
Jul 2012
http://www.guardian.co.uk/business/2012/jul/10/barclays-warned-fsa-agius-diamond-bonus
<snip>
Marcus Agius, the outgoing chairman of Barclays, has revealed that Bank of England governor Sir Mervyn King played the decisive role in forcing former chief executive Bob Diamond to quit last week.

In a gripping testimony to MPs, Agius revealed that King summoned Barclays senior directors to a meeting and made it clear that Diamond did not have the support of Britain's financial regulators.

Under repeated questioning by MPs, Agius admitted that Barclays had been warned by the Financial Services Authority about the public perception of its use of complex tax and accounting rules in what the out-going chairman of the bank conceded was a "strained relationship" with the City regulator.

As Agius announced that Diamond had "voluntarily forgone" £20m of his potential payoff, he also provided detail of the behind-the-scenes drama that led to the chief executive's resignation a week ago – barely 24 hours after Agius had quit in an attempt to save Diamond in the wake of Libor scandal. Diamond will still get £2m – which John Mann MP said he should give to the homeless charity Shelter. Prime minister David Cameron's official spokesman said: "I think the decision to forgo the bonus is a sign that they understand public concerns and that they understand that there is a need for a change in the culture of banks."


=============
Time for these criminals to go to prison
Latest Discussions»General Discussion»Romney to attend London f...