Bob Diamond: Would you Trust this Man? |
Villain of the week for the global chattering classes is Bob Diamond, an American banker with an epic string
of titles. He is 'Group Chief Executive of Barclays plc’, ‘CE of Corporate & Investment Banking and Wealth Management’, and ‘Executive
Director of the Boards of Barclays plc and Barclays Bank plc’. It reminds me of the Homeric King (basileus) Agamemnon, King of Kings, Most
Kingy (basileutatos) even among the Very Kingy Indeed, and of All Islands King.
Bob's Hair Colourant |
When I was young, Barclay’s made profits from the oppressive
regimes of a cabal of South American military dictators. But the bank is now dodgily
fixing LIBOR. The process of secretly manipulating something that sounds like a
mixture of LIQUOR, LIVER and LIBERTINE (actually the London Interbank Offered Rate) is (bizarrely) perceived as Going
Too Far even by the totally amoral community of high financiers.
'The Death of Crassus' by Pierre Cousteau (1555) |
I don’t myself understand the casuistic distinctions which
self-styled ‘virtuous’ bankers draw between themselves and Diamond. Surely all
financially creamed-off ‘property’ is theft? But Diamond really is under pressure to resign. David
Cameron, whose personal fortune derives partly from his ancestors’ profession
of helping rich people evade taxes, is on one of his hypocritical high horses. He is demanding that Diamond’s head
rolls.
I personally would like to see Bob force-fed molten gold,
the retribution which Cassius Dio says the Parthians devised for the avaricious Roman General Crassus
who thirsted for their wealth. Somewhere in Turkmenistan there is a golden
replica of Crassus’ oesophagus.
But perhaps
for Bob Diamond we need a punishment that has to do with diamonds
instead. I would also enjoy sentencing him to hard labour, with the status of
illegal immigrant, in a dangerous diamond mine where trade unions were banned.
The Very Fishy Alex Salmond |
It is fun to associate prominent people’s names with their trades
or physiognomy: the piscine First Minister of
Scotland, Alex Salmond, could not look more like a salmon if he tried. Bob
Diamond could have been called ‘Gold’, or ‘Proffitt’, but ‘Diamond’, appropriately,
implies unparalleled hardness as well as financial excess. Bob Diamond is also a sponger on the rest of
us. A cartoonist like Georgia Poynder (age 12) might draw him as SpongeBob
DiamondPants (see fig. below).
SpongeBob Diamondpants |
Even conservative estimates of Bob’s annual salary vary between £1.3-million-plus-17-million-bonuses,
and about three times that much. But speaking as a girl who knows a lot about
artificial hair colorants, my question to Bob Diamond is actually this: given
the enormity of your income, why don’t you invest in a better quality of hair-dye?
Don’t you agree with L’Oreal that you
are self-evidently ‘worth it’?
SpongeBob Squarepants |