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Barclays investor pay revolt

Barclays has been stung by shareholders after nearly a third of their votes failed to back the bank's bumper pay awards.

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Barclays embarrassed by vote over top pay

Almost a third of Barclays shareholders failed to back the bank's bumper pay deals at today's remuneration report.

27% of shareholders voted against Barclays remuneration report today. Credit: REUTERS/Alessia Pierdomenico/Files

The bank's heated annual meeting revealed that 27% of investors voted against the report, while abstentions on the vote increased that figure to 32%.

24% of voters also failed to back remuneration committee chairman Alison Carnwath.

Chief executive Bob Diamond sparked anger among shareholders when it emerged he would receive £17.7 million in salary, bonus, benefits and vested long-term share awards last year, despite admitting his bank's performance was "unacceptable" in 2011.

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