BarCap Hail to the (deputy) chief

Executives generally want to go on the board because it’s a sign of status. But not Bob Diamond. For nearly eight years, the Barcap chief has held out against the siren call of the Barclays boardroom – partly because he didn’t want the extra scrutiny – especially over his pay. That he’s caved in now is understandable. Thanks to the growth of the investment bank, and the increase in his fiefdom to include wealth management, Diamond is now responsible for almost 40% of group profits. It would be a...