Friday 15 November 2013

BARCLAYS TURNAROUND ASPIRATIONS HIT AGAIN !


Senior Executives have abandoned, one could even say "fled", Barclays Bank not just recently but over a number of years !  Two have left unexpectedly !  Is there a hidden uneasiness in the Group ? 

The Libor Rate problem is just one example of what went wrong in the past.   Are there other imminent problems  which could tarnish the reputations of innocent executives ?

Are there other ongoing plans which have not been made public ?  What are their costs and their impact on the future of the Group ?  

Shareholders are the first who are entitled to a clear explanation of the ills which beleaguer the Group at present ! They also have the right to a clear statement of lurking problems which may soon hit the headlines !


When Senior Executives "flee", for whatever plausible reason officially published, the reality of problems is often hidden !  Directors must understand that they do not own the company !  Shareholders by law have the right to be informed and on a timely basis.

When bad news suddenly hits the Stock Exchange it is Shareholders who immediately suffer !  Directors are usually covered by a Golden Goodbye Handshake ! 

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