, Columnist
Barclays Whistle-Blower Leaves a Bitter Taste
Staff need to be able to speak up without fear of reprisal.
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U.K. regulators have given Barclays CEO Jes Staley what looks like a slap on the wrist after his botched attempt to unmask a whistle-blower.
He will be fined, but will get to keep his job -- lucky for the board, given their lack of appetite for a power vacuum at the top of one of the country’s biggest banks. Ousting Staley, just as the lender is under pressure from an activist investor, would have triggered turmoil.