Pay has got 'wildly out of control', said John Farmer, a private shareholder, at the bank's annual meeting on Friday. 'You are not as a bank delivering an impressive return. Please would you go away and rethink the issue totally'.
He rejected the bank's claim that staff would leave if they were not paid as much as at rivals.
'If these people want to walk away, let them, and find someone else who will do the job for them', he said to applause from other investors.
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