Belfast Telegraph

Rebellion of sorts against Barclays boss

By Kalyeena Makortoff

Shareholders have fired a warning shot at Barclays boss Jes Staley, with a substantial number of investors refusing to back his reappointment as chief executive following a fractious general meeting.

More than 16% of votes cast failed to back his re-election, with nearly 14% abstaining and 2.82% voting against.

Shareholders had been urged to abstain from a vote backing his reappointment after Mr Staley attempted to identify a whistleblower at Barclays.

His action prompted investigations by the Financial Conduct Authority and Prudential Regulation Authority last month.

However, of the decisive votes cast, 97.18% were in favour of his reappointment.

It came after Mr Staley issued an apology directly to shareholders at the AGM.

"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 I would like to apologise to you as well for that error."

Belfast Telegraph