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Bob Diamond is no stranger to the arguments of excessive compensation led Barclays Capital to become the leading investment bank and earn the best part of ?100m's along the way.

After weeks if not months of conversation to try to see off the coast of the annual bonus line Board of Barclays completed diamond is the man to lead through months of hell of compensation.

In the first months of the year than most large banks city - including Barclays - will be share grant up to the pot of compensation, and bankers across London will be handed over several million pounds in spite of the fact that 2010 has not been a record-breaking year bonus.

This paper has shown, last week that continue conversations surrounding the Merlin project, the notion that there could be some form of pact between the Government and the industry is more.

As it is, the majority of the major British banks are sounds that they are increasingly aware that they must move into the next phase of denouement to full-on attempt the fight.

Vince Cable, the Secretary of the company is likely to revive this battle long months somewhat at the beginning when it appears on Marr Andrew, the BBC1 show this morning, preaching about the perils of excessive compensation and a lack of loans to small businesses.

In case of Barclays, with "Vicar" of John Varley firmly ensconced in the room boarding and Bob "The Bruiser" Diamond soon to be in the spotlight, this means that the Bank can have a debate public non-trous prohibited compensation.

Diamond is no stranger to the arguments of excessive compensation led Barclays Capital to become the leading investment bank and earn the best part of 100 m ￡ of along the way. But the arguments that Diamond will in all will be crucial. Contributions to funds from her Majesty is a key, as are the investment inward and employment. They must be explained with bravado and brains, so that the argument moves.

With project Merlin Varley, Barclays sought to evoke a near impossible solution which would never come to pass. Diamond, it has a bruiser Bobtimistic, which is unlikely to stop fighting until he won.

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