Barclays Chief Executive Officer Bob Diamond resigned Tuesday, after the bank had recently come under fire for rigging interbank borrowing rates between 2005 and 2009. The London-based bank was fined $453 million last week. Britain’s Serious Fraud Office is still contemplating whether or not it should pursue criminal charges.
The people of Twitter took the opportunity to wish Diamond well. (With humor of course.)
**ALERT RTRS 13:26** Bob Diamond taken to Tower of London wearing iron mask, as per British banking regulations set forth in 1566
— Downtown Josh Brown (@ReformedBroker) July 3, 2012
Looks like someone has already updated Bob Diamond's Wikipedia page http://t.co/g9zMUakY
— Andrew Bloch (@AndrewBloch) July 3, 2012
50 Grades of Pay – Bob Diamond's memoir out soon!
— Jonny Geller (@JonnyGeller) July 3, 2012
Apart from everything else, Bob Diamond is living proof that nobody can wear a chalk-stripe suit without looking like a twat.
— Stuart Nathan (@Stu_N) July 3, 2012
The Nursing and Midwifery Council needs a new chief executive – I hear Bob Diamond is looking for a job. He's guaranteed a good pay off.
— Hattie Jacques (@Hattie_Jacques) July 3, 2012
With Diamond out, who’s next? Jamie Dimon, chief executive officer of JPMorgan Chase, is the man held responsible for a major recent trading loss that could be as high as $9 billion.
— Robert Rogers (@SmallBizCounsel) July 3, 2012
For comparison, consider if Jamie Dimon ever thought for a second about resigning before testifying before Congress http://t.co/4JJSWgFe
— David Dayen (@ddayen) July 3, 2012
JP Morgan makes a bad investment and loses $2 bil. Jamie Dimon hauled before Congress. Microsoft loses $6.2 bil. Where's the outrage!
— Josh Margolis (@JDMargolis) July 3, 2012
Unlike Dimon (for now), Diamond allegedly was in the loop about the false reporting. JP Morgan’s head is simply calling the massive trading loss an oversight.
Diamond cited “internal pressure” to step down and the public is happy to see him go.
Bob Diamond should be banged up. If that happened to any other normal person they would be locked up for fraud #Fraudster
— Joshuaaaaaaaaa (@JC_Saunders91) July 3, 2012