News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

People

More heroes than villains in Barclays whistleblowing case

Recent case shows that whistleblowers are becoming the board's best friend in its attempts to protect shareholders

Jes Staley, chief executive officer of Barclays
Jes Staley, chief executive officer of Barclays Photo: Getty Images

Some things in life are absolutes. You can’t be slightly untrustworthy or a little bit pregnant, and you can’t have selective anonymity, which is why Barclays’ chief executive, Jes Staley, has faced so much criticism over his two attempts to discover the identity of an internal whistleblower.

When the Barclays board and its chairman, John MacFarlane, found out what Staley had tried to do they acted decisively to protect employees’ trust, reporting Staley’s actions to the regulators even though they knew that some collateral damage would be inevitable.

WSJ Logo