Banker’s pay-off

On July 5 you published a letter from me contrasting the work and rewards of nurses at Hurstwood Park Neurological Centre in Haywards Heath, with those of Bob Diamond, former chief executive of Barclays Bank.

Between writing the letter and its publication, Bob Diamond resigned from his position. Unfortunately, it was not a sudden attack of ethics or morality that caused this, but, in Mr Diamond’s own words, because: ‘The external pressure placed on Barclays has reached a level that risks damaging the franchise’. For ‘damaging the franchise’ I think we can read ‘damaging profits’.

Although reportedly entitled to a £20m ‘resignation package’, Mr Diamond has generously agreed to a golden parachute of only £2m.

It would be a truly admirable gesture - the first we’ll have seen from him - if he donated that £2m to a hospital, a charity or a good cause: something that could use the money to ease suffering and dramatically improve the quality of people’s lives.

Banks and bankers have done so much recently to achieve the opposite. Mr Diamond now has an opportunity to show real leadership and help bring about the change in attitude and culture he professes to want.


Threals Lane, West Chiltington