To be fair to Bob Diamond, he helmed a bank with big problems and that had what looks like a fishy setup with regulators. Still, Diamond was CEO of Barclays when it became the first of many accused banks to come clean about the Libor scandal, which basically involved banks manipulating the rate at which they lend to one another.
Diamond and his board tried to keep him in the CEO seat when the scandal first broke. In statements, Diamond tried to shift the blame for the Libor manipulation to other banks and regulators. But neither the public nor investigators were satiated, and Diamond ultimately resigned. He may lay low for now -- as the man in charge of the institution that's become the poster child for this particular scandal, Diamond probably won't make the top talent list for a spell.
Our 2012 squad isn't just a collection of all-stars. They're also team players.
|McDonald's gives Charles Ramsey free food for a year|
|Where your donation dollars go|
|Hedge fund guru says moms and trading don't mix|
|Doomsday investors betting on market crash|
|Investors consider life after Fed stimulus|