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You can find the current article at its original source at http://www.guardian.co.uk/business/2013/apr/25/barclays-boss-shareholders-bank-agm
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| Barclays board face shareholders at bank AGM | Barclays board face shareholders at bank AGM |
| (4 months later) | |
| It is hard to believe that a year has passed since the last annual meeting of Barclays. In 2012 more than a third of investors failed to back the pay report in a row over a £2.7m bonus for chief executive Bob Diamond. | It is hard to believe that a year has passed since the last annual meeting of Barclays. In 2012 more than a third of investors failed to back the pay report in a row over a £2.7m bonus for chief executive Bob Diamond. |
| Diamond, though, has now left in the wake of the Libor rigging scandal. As has chairman Marcus Agius. | Diamond, though, has now left in the wake of the Libor rigging scandal. As has chairman Marcus Agius. |
| Their replacements Antony Jenkins - promoted internally - and Sir David Walker - a City grandee hauled out of retirement - are getting ready for the annual meeting. There are 25 resolutions, but questions from shareholders first. | Their replacements Antony Jenkins - promoted internally - and Sir David Walker - a City grandee hauled out of retirement - are getting ready for the annual meeting. There are 25 resolutions, but questions from shareholders first. |
| A queue of them has formed to get into the Festival Hall - the same location as last year - where security is tight amid protests from the Robin Hood tax campaign and World Development Movement. A man in a bath waving cash greets investors as they queue for their one chance a year to talk to Barclays' directors. | A queue of them has formed to get into the Festival Hall - the same location as last year - where security is tight amid protests from the Robin Hood tax campaign and World Development Movement. A man in a bath waving cash greets investors as they queue for their one chance a year to talk to Barclays' directors. |
| Follow the action with tweets from Jill Treanor and others below … | Follow the action with tweets from Jill Treanor and others below … |
| Sir David Walker on his feet at Barclays agm #business | Sir David Walker on his feet at Barclays agm #business |
| Walker, in a bit of understatement, says it has been "extremely difficult period" for Barclays #business | Walker, in a bit of understatement, says it has been "extremely difficult period" for Barclays #business |
| "Pay became excessive" says Barclays chair Walker #business "your board is aware of that" | "Pay became excessive" says Barclays chair Walker #business "your board is aware of that" |
| Here's a link to the Barclays agm statement: investegate.co.uk/barclays-plc--… | Here's a link to the Barclays agm statement: investegate.co.uk/barclays-plc--… |
| Antony Jenkins rises to applause. "It's stating the obvious to say that the last 12mths have been difficult". It is indeed. #barclaysAGM | Antony Jenkins rises to applause. "It's stating the obvious to say that the last 12mths have been difficult". It is indeed. #barclaysAGM |
| Barclays reply to the Salz Review: ensure increasing recognition is given to the role non-financial incentives play in our approach to pay | Barclays reply to the Salz Review: ensure increasing recognition is given to the role non-financial incentives play in our approach to pay |
| First question about accounting standards: "we're on a journey" says Walker #business | First question about accounting standards: "we're on a journey" says Walker #business |
| "We have no black hole" says Barclays fd Chris Lucas in answer to diff bet nav and share price #business | "We have no black hole" says Barclays fd Chris Lucas in answer to diff bet nav and share price #business |
| Shareholder patrick evershed on his feet - mic not working - but essentially saying board had looked "disfuctional" a year ago #business | Shareholder patrick evershed on his feet - mic not working - but essentially saying board had looked "disfuctional" a year ago #business |
| He says Barclays needs to cut back on pay #business | He says Barclays needs to cut back on pay #business |
| Barclays chair Walker says, again, "we are on a journey" #business | Barclays chair Walker says, again, "we are on a journey" #business |
| 75 year old widow shareholder - "go to, go to hell" - she tells the Barclays board #business | 75 year old widow shareholder - "go to, go to hell" - she tells the Barclays board #business |
| She is on a roll, telling the board they crooks "I don't understand why anyone needs £1" #business | She is on a roll, telling the board they crooks "I don't understand why anyone needs £1" #business |
| She tells the board she is giving her house to KidsCompany and challenges board to give one of their homes away #business | She tells the board she is giving her house to KidsCompany and challenges board to give one of their homes away #business |
| Walker, who has a little stool to rest on,tells Mrs Wollard he is "sympathetic" to her view #business | Walker, who has a little stool to rest on,tells Mrs Wollard he is "sympathetic" to her view #business |
| "I am aware we overpaid in the past. We are not going there again" says Walker #business | "I am aware we overpaid in the past. We are not going there again" says Walker #business |
| Another shareholder, who had mic turned off last year, asking about number of jobs non exec Mike Rake has #business | Another shareholder, who had mic turned off last year, asking about number of jobs non exec Mike Rake has #business |
| He asks where is "my friend Bob Diamond who wouldn't get to heaven before an elephant" #business | He asks where is "my friend Bob Diamond who wouldn't get to heaven before an elephant" #business |
| Shareholder called alexander asking about bonuses being paid back - chair of rem committee getting to respond #business | Shareholder called alexander asking about bonuses being paid back - chair of rem committee getting to respond #business |
| Barclays chair of rem com sir john sunderland is saying "it is a journey" ... #business | Barclays chair of rem com sir john sunderland is saying "it is a journey" ... #business |
| Sutherland saying "entirely sympathetic to many of the points that have been raised" insists bank in lowest quartile of pay #business | Sutherland saying "entirely sympathetic to many of the points that have been raised" insists bank in lowest quartile of pay #business |
| Applause for remcom chair saying "in your interests we remain competitive on pay but pay no more than necessary" #business | Applause for remcom chair saying "in your interests we remain competitive on pay but pay no more than necessary" #business |
| Folkes from Chorley Wood asking about £1m payments and bring pay down across industry #business | Folkes from Chorley Wood asking about £1m payments and bring pay down across industry #business |
| Walker has backed Sutherland's chairmanship of remcom which is like "a hire wire act" #business | Walker has backed Sutherland's chairmanship of remcom which is like "a hire wire act" #business |
| Walker being asked about publishing ratio between highest and lowest paid at Barclays#business | Walker being asked about publishing ratio between highest and lowest paid at Barclays#business |
| Walker promises to "give attention" to idea of ration #business | Walker promises to "give attention" to idea of ration #business |
| Signs as Walker says Carnwath resigned after the Barclays agm last year because she was busy. "Pull the other one" is one shout #business | Signs as Walker says Carnwath resigned after the Barclays agm last year because she was busy. "Pull the other one" is one shout #business |
| Alison Carnwath defended diamond's pay last year then quit #business | Alison Carnwath defended diamond's pay last year then quit #business |
| Shareholder says of the "go to" slogan - "it does not inspire me" #business | Shareholder says of the "go to" slogan - "it does not inspire me" #business |
| What proportion of food speculation is being closed down? Another Barclays shareholder asks #business | What proportion of food speculation is being closed down? Another Barclays shareholder asks #business |
| Question about food speculation, jenkins insists Barclays only supports clients involved in food production #business | Question about food speculation, jenkins insists Barclays only supports clients involved in food production #business |
| Jenkins insists that food speculation is under review (issue is whether helping institutional investors speculate) #business | Jenkins insists that food speculation is under review (issue is whether helping institutional investors speculate) #business |
| Laughter at Barclays agm: Sir David Walker (73) tells a shareholder (retired) that he is older than most shareholders in the room #business | Laughter at Barclays agm: Sir David Walker (73) tells a shareholder (retired) that he is older than most shareholders in the room #business |
| Walker had hoped to be wrapping up by now ... calling forbrevity in questions at Barclays agm #business | Walker had hoped to be wrapping up by now ... calling forbrevity in questions at Barclays agm #business |
| There is no plan b or c says Walker when asked by Barclays shareholder about possible spin off of the investment bank #business | There is no plan b or c says Walker when asked by Barclays shareholder about possible spin off of the investment bank #business |
| "The contribution Bob Diamond made to this bank was immense" says Barclays chair #business | "The contribution Bob Diamond made to this bank was immense" says Barclays chair #business |
| Barclays Q1 results show that (Diamond's) investment bank made £1.3bn out of £1.8bn total #business | Barclays Q1 results show that (Diamond's) investment bank made £1.3bn out of £1.8bn total #business |
| Question why former chair agius is getting £175,000 a year - walker says he asked him to help for a year with clients #business | Question why former chair agius is getting £175,000 a year - walker says he asked him to help for a year with clients #business |
| Walker now halting questions and beginning voting on 25 resolutions at Barclays agm #business | Walker now halting questions and beginning voting on 25 resolutions at Barclays agm #business |
| shareholders starting to leave Barclays agm to collect their picnic style lunches #business | shareholders starting to leave Barclays agm to collect their picnic style lunches #business |
| And it seems to be over ... | And it seems to be over ... |
| Just asked jenkins about one shareholder remark about "greedy bastards". Says he "understands the sentiment" #business | Just asked jenkins about one shareholder remark about "greedy bastards". Says he "understands the sentiment" #business |
| Barclays will publish results of the votes on the 25 resolutions on stock exchange in a few hours #business | Barclays will publish results of the votes on the 25 resolutions on stock exchange in a few hours #business |
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