Martin Wheatley, who leads London’s top markets watchdog, says he wishes he could bike to and from his home in Greenwich, a borough along the Thames. He can’t because he’s lugging too much paperwork around.
Barclays Plc Chief Executive Officer Antony Jenkins said he will turn down his 2013 bonus, acknowledging that regulatory penalties and lawsuits have continued to impose costs on the bank after it raised 5.8 billion pounds ($9.5 billion) from shareholders.
Robert Diamond, the former Barclays Plc chief, gave $6 million to finance a Colby College building that has become a focal point for student dissent over his role at the 199-year-old school in Waterville, Maine.
Imagine you ran a too-big-to-fail bank under criminal investigation by U.S. prosecutors. Now ask yourself this: How much of your company’s money would you pay to have the Justice Department inoculate you personally against the prospect of any government charges?