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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