Diamond faces revolt

dISGRaced former Barclays boss Bob diamond is facing a shareholder revolt at his investment company.

diamond – once branded the unacceptable face of banking due to his sky-high pay packets – could be hit by a rebellion over his role as chairman at atlas Mara’s annual meeting tomorrow.

Shareholder advice groups Glass Lewis and ISS claim he is not independent enough for the job because he co-founded the firm.

Glass Lewis has urged investors to vote against his reappointment, and ISS has told them to abstain.

diamond was forced to quit Barclays in 2012 over the Libor rate-rigging scandal. He founded atlas Mara in 2013, but shares have since fallen by 80pc.