Senior management of Barclays bank have faced angry shareholders at the bank’s annual general meeting, with its chairman forced to defend its bonus payments.
Sir David Walker told shareholders there would have been an exodus of top executives if it did not raise bonus levels.
The meeting, held at London’s Royal Festival Hall and attended by 840 people, was the scene of successive hostile questions and jeering from the audience.
Laughter erupted after one angry investor told the board of directors: “We’re paying for Manchester United but we are getting Colchester United.”
Outside the venue, protesters took potshots at the board over bonuses and alleged tax haven support.