Barclays CEO Apologizes for Whistle-Blower Incident

The transcript discusses the recent AGM of Barclays, focusing on shareholder abstention due to ongoing regulatory investigations into a whistleblower scandal. Despite some shareholder protests, Jes Staley received public backing from Chairman John McFarlane. The performance of the investment bank and its impact on Staley's leadership is scrutinized, with concerns about the bank's capital absorption and trading performance. The transcript also highlights the financial challenges Barclays faces, including a gap in book value and a previously promised share price increase.

What percentage of shareholders abstained from voting for Jes Staley's reelection?

• 25%

• 10%

• 14%

• 20%

What was one of the main reasons for the shareholder abstentions?

• Lack of innovation

• High executive bonuses

• Regulatory investigations into a whistleblower scandal

• Poor financial performance

How did Barclays' investment bank perform compared to its US and European peers?

• It underperformed

• It performed similarly

• It was not compared

• It outperformed them

What was a concern regarding Jes Staley's leadership?

• His educational background

• His temperament and suitability to run the bank

• His lack of experience

• His age

What is a potential consequence if the investment bank's strategy fails?

• Increased market share

• Higher dividends

• Slow erosion of business value

• Immediate bankruptcy