Barclays: Mr Burns and Bramson

barclays: Bramson, 68, who has been described as a corporate raider and compared to Mr Burns in The Simpsons, is expected to increase the pressure on Barclays if the bank's first-quarter results, published on Thursday, fail to impress, according to The Guardian. A showdown will take place on 2 May at Barclays' annual meeting, at which Bramson will call for other shareholders to vote him on to the board. Bramson, a British-born lawyer based in New York, has built up a 5.5% stake in Barclays via his Sherborne Investors vehicle, making him the third-largest shareholder after the investment fund Black Rock and Qatar's sovereign wealth fund. The investor's campaign was given a shot in the arm at the weekend when Pirc, which advises pension funds and other investors, abstained on the matter for this year and said shareholders might be advised to vote for Bramson at the 2020 meeting. They tend to hold sway over about 20% of votes, so their suggestions can often prove decisive. The other two largest shareholder advisory services, ISS and Glass Lewis, have come out in support of Barclays and said Bramson's resolution should be voted down. (news.financializer.com). As reported in the news.