Barclays Chairman Explains Why He Didn't Fire His Second CEO
- Staley says he’s not vindictive after pursuing whistle-blower
- One investor said to have reduced stake due to incident
Staley 'Not Vindictive' After Pursuing Whistle-Blower
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Barclays Plc Chief Executive Officer Jes Staley apologized to shareholders for trying to unmask a whistle-blower, while the bank’s chairman said Staley has “learned his lesson” and the incident isn’t a fireable offense.
Staley, 60, reiterated at the bank’s annual general meeting in London Wednesday that he made a mistake in becoming personally involved with a compliance issue, while saying he was limited in what he could disclose given an ongoing regulatory probe. He was re-elected to the board with 84 percent of shareholders’ votes, with 14 percent abstaining and 2 percent voting against him.