Sir Marcus Agius — not very Herculean
July 4th, 2012
Marcus Agius, the in-and-out chairman of Barclays, fails to convince in this interview with Faisal Islam. When asked if Diamond had resigned because he was told to by the governor of the Bank of England, Mervyn King, and the chairman of the FSA Lord Turner, Agius fails to answer, but just parrots the line: “Last night Bob Diamond made a personal decision which we discussed”. It’s going to take a Hercules, and perhaps also the diversion of a metaphorical river, to clean out the Augean stables at Barclays PLC, the rest of the City of London, and the global financial sector, but sadly this man does not strike me as particularly Herculean.
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