'Citizen banker' Bob Diamond defends executive pay

The Barclays CEO used his address at the Today Program business lecture to argue that bankers needed to become "better and more effective citizens". But after being challenged on the Today Programme this morning, he said that any bonus on top of his basic salary of £1m "was up to the board", not the public mood. Diamond was paid a £6.5m bonus in March this year. "We certainly understand that there's a debate about executive compensation," he said. "With my role as chief executive comes a responsibly to both be responsible, but also to operate competitively." Diamond added that bank...