Sparks fly at Barclays AGM as shareholders grill execs

There were fiery exchanges at Barclays' AGM today, as shareholders grilled CEO Bob Diamond over his pay packet, the PPI mis-selling scandal, and the value of the bank's shares.

Ahead of a vote on executive pay, shareholders accused Diamond of “bringing the bank into disrepute”, and driving it into bankruptcy, the Telegraph reports. The chief executive was awarded a £17m payout for 2011, although the terms of his remuneration were revised last week in an attempt to appease angry shareholders. Alison Carnwath, the head of the remuneration committee at Barclays, was heckled by investors as she tried to explain the link between executive pay and shareholder returns. "Managing remuneration is a critical element of delivering returns to shareholders," she said....