Barclays CEO Said to Have Told Board About Whistle-Blower Issues
- Claim Staley flouted hiring process is false, people say
- Staley under investigation for trying to find letter writer
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The most surprising part of Jes Staley’s attempts to unmask a whistle-blower, a sequence that may cost the chief executive more than $1 million and perhaps even his job, is that he had nothing to hide, people with knowledge of the situation said.
When Barclays was interviewing Tim Main to chair its global financial institutions group, a job he started in June, Staley told the board about Main’s personal issues, said the people, who didn’t want to be identified because of the investigation. It was months later that a letter sent to board members claimed Staley had hidden the new employee’s past and breached company standards. That letter was disregarded within weeks, one person said.