Tim Throsby sent an email to Barclays’ CEO with the title ‘irreconcilable.’ He warned that a plan to gut compensation by 20% and boost profitability was unrealistic.
|04/13/2019||Posted by BusinessMediaguide.Com under General World News||
- After his ouster from Barclays, the exec Tim Throsby sent an email to CEO Jes Staley and other senior leaders criticizing what he considered unrealistic and destructive profitability demands and targets set by Staley, according to sources familiar with the email.
- In the email, which had the subject line “irreconcilable,” he pushed back on plans for a 20% cut in total compensation at Barclays International, as well as a pullback in risk.
- He also questioned plans to reduce capital reserves that buffer against potential losses.
- Throsby thought such measures were not only unrealistic but also destructive to morale and loyalty at the read more >>>