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The boss of Barclays apologises again for trying to unmask the identity of a whistleblower

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The boss of Barclays apologises again for trying to unmask the identity of a whistleblower

staley1

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Group CEO Barclays Jes Staley speaks on stage at the Yahoo Finance All Markets Summit on February 8, 2017.

The CEO of Barclays on Thursday apologised again for trying to unmask the identity of a whistleblower who wrote two anonymous letters about the conduct of a senior executive he hired.

Jes Staley had already apologised last month but decided to say sorry directly to the bank’s shareholders at its Annual General Meeting (AGM). Staley said, according to several media outlets including The Telegraph:

“I feel it is important that I acknowledge to you, our shareholders, that I made a mistake in becoming involved in an issue which I should have left to the business to deal with. I have apologised to the board and would today like to apologise to you as well for that error.”

John McFarlane, chairman of Barclays, told investors at the AGM, according to The Financial Times:

“You know me, if I believed a chief executive should go, he would go. But I do not believe that is what should happen.

“As long as he wasn’t successful in identifying the individual, he just made a mistake and you can’t be as good as your last mistake. I have been doing this for 40 years and I mean if that was the standard I would have gone years ago.”

Both Jes Staley and Barclays are the subjects of investigations by the UK’s Financial Conduct Authority and Prudential Regulation Authority over the incident, which is being treated as a whistleblowing incident.

After hearing about the incident earlier this year, Barclays’ board hired law firm Simmons & Simmons to investigate.

Staley said in a statement at the time: “I have apologised to the Barclays Board, and accepted its conclusion that my personal actions in this matter were errors on my part. I will also accept whatever sanction it deems appropriate.”

The board issued a “formal written reprimand” to Staley and will make “a very significant compensation adjustment” to his bonus.

NOW WATCH: Scott Galloway: The big 4 have created enormous wealth by tapping into our most basic instincts

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

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staley1

Getty

Group CEO Barclays Jes Staley speaks on stage at the Yahoo Finance All Markets Summit on February 8, 2017.

The CEO of Barclays on Thursday apologised again for trying to unmask the identity of a whistleblower who wrote two anonymous letters about the conduct of a senior executive he hired.

Jes Staley had already apologised last month but decided to say sorry directly to the bank’s shareholders at its Annual General Meeting (AGM). Staley said, according to several media outlets including The Telegraph:

“I feel it is important that I acknowledge to you, our shareholders, that I made a mistake in becoming involved in an issue which I should have left to the business to deal with. I have apologised to the board and would today like to apologise to you as well for that error.”

John McFarlane, chairman of Barclays, told investors at the AGM, according to The Financial Times:

“You know me, if I believed a chief executive should go, he would go. But I do not believe that is what should happen.

“As long as he wasn’t successful in identifying the individual, he just made a mistake and you can’t be as good as your last mistake. I have been doing this for 40 years and I mean if that was the standard I would have gone years ago.”

Both Jes Staley and Barclays are the subjects of investigations by the UK’s Financial Conduct Authority and Prudential Regulation Authority over the incident, which is being treated as a whistleblowing incident.

After hearing about the incident earlier this year, Barclays’ board hired law firm Simmons & Simmons to investigate.

Staley said in a statement at the time: “I have apologised to the Barclays Board, and accepted its

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conclusion that my personal actions in this matter were errors on my part. I will also accept whatever sanction it deems appropriate.”

The board issued a “formal written reprimand” to Staley and will make “a very significant compensation adjustment” to his bonus.

NOW WATCH: Scott Galloway: The big 4 have created enormous wealth by tapping into our most basic instincts

Please enable Javascript to watch this video

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.



✍ Sumber Pautan : ☕ Business InsiderBusiness Insider

Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2q5zmds

(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!



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