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| Barclays' Bob Diamond |
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[ 2009-12-22 10:29:00 | By: lmno207 ] |
There's good reason for mbt on sale this. Diamond is considered to be in line to be a
chief executive either at Barclays /quotes/comstock/13*!bcs/quotes/nls/bcs (BCS 17.61, -1.49, -7.80%) , or another global
bank. The open CEO spot at Bank of America Corp. /quotes/comstock/13*!bac/quotes/nls/bac (BAC 14.86, -0.42, -2.75%) is the
one most often mentioned. He's reportedly turned it down, but until the job is filled don't count him out. More on that
later.
Barclays' Bob Diamond
Diamond, 58, is the man of the hour because of his reputation. Already seen as a rising star before the financial crisis, he
only burnished his image through a series of fortuitous moves mbt sale that, depending
on your vantage, look either brilliant or lucky.
Perhaps aware of his fate, Diamond has chosen coached responses over spontaneity. The big U.K. banks took government aid.
Barclays didn't. That difference has many suggesting Diamond is Europe's answer to Jamie Dimon, the CEO of J.P. Morgan Chase
& Co. /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 40.27, -1.09, -2.64%) who has emerged, as author Duff MacDonald put it,
the "Last Man Standing" in the banking industry.
Given the position, it isn't wise to go popping off about doing "God's work," or uttering some other controversial nonsense.
Diamond doesn't. But that isn't to say he doesn't have some clear ideas about where the industry is going. Since he will
likely be leading it in the future and driving whatever uneasy truce comes between government and business, his opinion may
have more import than banks who are still dealing burned-out balance sheets and pay restrictions.
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