[ by Howard Haykin ] It seems these days that when a senior executive resigns from a large global bank, on good terms or bad, they never seem to depart empty-handed.  Even when the leave under pressure from, say, the board of directors or a large contingent of shareholders. Sometimes, the pressure is related directly to a decision by the executive that later turns out wrong, leaving the company with significant monetary losses a badly ruptured corporate image or reputation.  Other times, an area of the bank that reports directly to the executive is suspected of committing some wrongdoing that management failed to detect or prevent, and involved violations of significant rules and regulations. Case in Point: Barclays Former COO Jerry del Missier. As Barclays Chief Operating Officer during the those years when bond traders are suspected to have manipulated daily Libor rates - alone or in collusion with counterparts at other banks - for personal profit, and possibly in violation of civil and criminal laws, along with industry regulations.  Mr. del Missier is set to receive an £8.75 million ($13.6 million) payout, according to a person with direct knowledge of the matter. The actual payment is likely to spark renewed protests from the public government officials and prompt renewed scrutiny of Barclays and other large banks.  After all, the bank just last month agreed to pay a $452 million settlement to U.S. and U.K. regulators in connection with the manipulation of the London interbank offered rate, or Libor. Throughout those investigations, Mr. del Missier, 50, was a central figure. According to regulators, he allegedly asked other bank officials to lower the firm's submissions to Libor, that serves as a benchmark rate for more than $360 trillion of financial products worldwide. Mr. del Missier, who has held several senior level positions at the bank, agreed to step down because of his involvement in the Libor scandal.  In testimony before the British Parliament, Canadian-born del Missier said he believed senior government officials had instructed Barclays to alter its rate submissions, saying: "I expected that the Bank of England's views would be incorporated into our Libor submissions. The views would have resulted in lower submissions." Some regulators say Mr. del Missier misinterpreted a discussion between former CEO Robert Diamond Jr., and Paul Tucker, deputy governor of the Bank of England, the country's central bank. In any case, issues have dogged Barclays for months, and despite del Missier's relationship with possible wrong-doings, he will walk away from Barclays with nearly $14 million in his pocket. For further details, go to:  [Dealbook, 7/26/12].