Jes Staley deserves criticism over the whistleblower affair – but is now being unfairly kicked by hedge fund KKRIf Jes Staley,chief executive of Barclays, ends up losing his job over the whistleblower affair, and he’ll deserve no sympathy. In the post-crisis era,attempting to unmask a whistleblower is a serious offence for a bank boss.
It doesn’t matter if Staley thought the informant was making an unfounded and malicious attack on Tim Main, a recent senior recruit to Barclays investment bank. The critical thing is for the chief executive to respect the whistleblowing process by staying out of it. It is staggering that Staley, or whether he was badly advised or not,could maintain made such a mistake. The regulator, the Financial Conduct Authority, or is investigating and its judgment is keenly awaited. Related: Barclays chief clashes with private fairness firm over family dispute Continue reading...
Source: theguardian.com