Diamond gives up £20m of share options Bob Diamond will forego £20m of share options owed to him by Barclays after he resigned as chief executive of the bank last week amid the growing furore over the Libor-rigging scandal. As the news of Mr Diamond's severance package was released, Barclays chairman Marcus Agius was facing a barrage of accusations from MPs that his bank had operated at the fringes of acceptable behaviour and showed a pattern of crossing the line into unacceptable risk-taking. Mr Agius was on the back foot as Andrew Tyrie, chairman of the Treasury select committee, accused him of failing to control the aggressive culture of Barclays under Mr Diamond and before. Mr Agius, who also resigned from the bank last week but will stay on to find Mr Diamond's successor, said the former chief executive had "voluntarily decided to forego his deferred consideration." He estimated the value of the share awards granted under previous bonus schemes was £20m. Mr Diamond's pay-off has been the subject of intense speculation since he announced his departure from Barclays a week ago. Last year he was paid close to £25m - including a £5.75m tax bill - by the bank and has earned about £120m since he joined the board in 2005. Mr Diamond will be entitled to a year's salary - of £1.35m - as well as some other benefits including pension contributions.