As #Barclays faces a shareholder backlash over executive pay it looks like Credit Suisse could be the next to come under fire
#Barclays paid out £660m in dividends last year, while its bonus pot for investment bank staff was £1.5bn
Ahead of #Barclays AGM UK Uncut tells #SkyNews "We need to snap out of this idea that we need to pay these huge amounts of money"
Ahead of #Barclays AGM UK Uncut tells #SkyNews "We can't be held to ransom by these huge companies that threaten to move abroad"
#Barclays shareholder Peter Brayshaw tells SkyNews the bank's decision to pay Bob Diamond's £5.7m tax liabilities is "a much wider concern"
#Barclays agm now underway. Muted applause for board as directors arrived on stage.
Video playing showing key #Barclays execs declaring themselves "well-positioned" for challenges ahead.
Marcus Agius says regulatory change enormous in every geography. But that's true for every big bank.
Agius says #Barclays understands importance of dividends to shareholders. Actions speak louder than words...
Group chairman now speaking to Barclays AGM at Royal Festival Hall. People complaining loudly at the back that they can't hear anything
Agius: board made "progress" on realigning distribution of capital btwn investors and staff. Cue laughter from some attendees. #Barclays
Chairman apologises to shareholders and says they will be engaged with differently from now on.
#barclaysAGM
Agius says "important to compare apples and apples" when discussing executive pay. Not sure Bob Diamond is paid in fruit. #Barclays
Audience told that 'Bob' and 'Chris'are happy to have their bonuses subjected to further reforms.
#Barclays
Audience member boos Bob Diamond as he takes to the stage.
#Barclays
Bob Diamond tells AGM audience that £6 billion profit was less than they had hoped for #Barclays
Agius now discussing citizenship agenda. Will take time to improve reputation, he says. No kidding, given today's pay row. #Barclays
A solitary heckler as Bob Diamond gets up to speak. #Barclays boss says bank is among best-capitalised in the world.
Bob Diamond: 'Performance related pay was reduced by 25 percent and bonus payments were deferred in 2011'.
#Barclays
Diamond mounts staunch defence of pay policies: "we are committed to making further progress" on shareholder concerns. #Barclays
Bob Diamond reminds #Barclays shareholders of a 25% reduction in performance related pay.
Diamond says re: pay "We need to set the pace of change against the need to recruit the best people".
Bob Diamond acknowledges how hard they have been hit by PPI and that they are working hard to rectify it #Barclays
Diamond: We give a new loan to a small business every 4 minutes #Barclays
New loans given to small businesses every 4 minutes in the UK and 1500 grads employed last year #Barclays
Diamond: "Taxpayer money should never again be put at risk" to save banks #Barclays
Diamond refers to conflicting demands from regulators, governments and shareholders. Sure, but that's why you get paid well Bob. #Barclays
Smattering of quiet applause as Diamond finishes, someone shouts 'rubbish'
#Barclays
Round of moderate applause for Diamond; one heckler cries "rubbish"
Remuneration Cttee Chair Alison Carnwath now speaking: "I'm in the new girl on the block" she says
Carnwath: "Remuneration is a complex subject"
Carnwath: "Decisions on remuneration this year were particularly difficult"
#Barclays remco chair Alison Carnwath now justifying pay decisions amid moderate heckling.
Now hearing from Alison Carnwath. She says they will continue to push down remuneration levels.
#Barclays
Carnwath: We will continue to seek to push down remuneration levels in the environment in which we operate #Barclays
Carnwath: "we will continue to seek to push down remuneration levels". No indication about how much or when. #Barclays
Carnwath coming in for more heckling than her boss #Barclays
Someone is told 'to stop heckling' by another audience member and to wait for a microphone.
#Barclays
Carnwath: While we think we got our decisions right for 2021 it is clear that view is not shared by #Barclays shareholders
"They all belong to the same club", shouts one investor in reference to the advisers who helped #Barclays set bankers' pay this year.
Heckler: Why have you only just woken up to this? #Barclays
Alison Carnwath ignores the questions thrown at her. Chairman says views will only be dealt with in an adult and orderly fashion.
#Barclays
#Barclays shareholder questions now beginning
Now onto questions. One subject will dominate - and it won't be capital ratios. #Barclays
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What do you call meeting of Barclays Remuneration Cttee?Awards ceremony.Shareholders wd be safer with Strictly Come Dancing judges- watchSkyby oakeshottm via twitter 4/27/2012 8:06:05 AM
As #Barclays faces a shareholder backlash over executive pay it looks like Credit Suisse could be the next to come under fireby Sky News Business via twitter 4/27/2012 8:11:57 AM
#Barclays agm now underway. Muted applause for board as directors arrived on stage.by Mark Kleinman via twitter 4/27/2012 10:01:26 AM
Group chairman now speaking to Barclays AGM at Royal Festival Hall. People complaining loudly at the back that they can't hear anythingby frances vale via twitter 4/27/2012 10:11:21 AM
Bob Diamond reminds #Barclays shareholders of a 25% reduction in performance related pay.by Tadhg Enright via twitter 4/27/2012 10:26:45 AM
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