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Diageo paid former boss £15m in his final year

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Paul Walsh, the former boss of drinks company Diageo, is to be paid £80,000 a year to continue to represent his former employer in the Scotch whisky industry after receiving almost £15m in cash and long-term bonuses from the company in its most recent financial year.

Another Bad Week For Barclays

Barclays Canary Wharf

Barclays has form as a clever-clogs deal-doer. In the infamous Protium transaction in 2009 it cast off a $12.3bn collection of toxic assets to a Cayman Islands-registered fund, led by departing Barclays employees, which borrowed a cool $12.6bn from Barclays itself to do the deal.

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Another Bad Week For Barclays

Barclays has form as a clever-clogs deal-doer. In the infamous Protium transaction in 2009 it cast off a $12.3bn collection of toxic assets to a Cayman Islands-registered fund, led by departing Barclays employees, which borrowed a cool $12.6bn from Barclays itself to do the deal.