Matthew Steeples suggests Barclays is not taking the Jeffrey Epstein – Jes Staley scandal seriously enough; greed and deviancy should not be protected at LSE listed companies and the firm’s latest baloney shows the firm as not fit for purpose
Today on Twitter, in the wake of a feature published by Yahoo! Finance’s Sinead Cruise at 7:05am GMT+1, I asked:
“Were the Institutional Shareholder Services (ISS) right to recommend Barclays investors re-elect all board members at the firm’s AGM next month in spite of the ongoing scandal of former CEO Jes Staley’s beyond weird relationship with the since croaked paedophile Jeffrey Epstein?”
In her article, Cruise highlighted:
“[ISS’s decision has resulted in the] sapping the momentum of protests against bosses for supporting former CEO Jes Staley who is being investigated over his links with sex trafficker Jeffrey Epstein.”
“The influential proxy advisor said in a report published on Monday that ‘questions may be posed’ as to the board’s judgment in its decision to back Staley between 2019-2021, but it may be too soon for those questions to influence director elections.”
“Investors should instead await the outcome of various investigations into the matter, ISS said.”
“In a pre-meeting notice to investors last month, Barclays said that since Staley resigned in November 2021 it had received ‘no material new evidence’ from authorities to challenge the findings of a regulatory investigation into how Staley characterised his relationship with Epstein.”
“At the time of his resignation, Barclays said the preliminary conclusions of investigations by British financial regulators into how truthful Staley was about his ties to Epstein made ‘no findings that Mr Staley saw, or was aware of, any of Mr Epstein’s alleged crimes.’”
“Staley has acknowledged having been friendly with Epstein, but expressed regret for their relationship and has denied knowing about the financier’s criminal activities.”
“The notice also said Staley’s unvested long-term bonuses remained suspended pending further developments, adding that the board would ‘consider further action as appropriate.’”
In spite of Staley having holidayed repeatedly on Epstein’s ‘Paedo Island’ and partied with him in New York and likely elsewhere, Cruise referenced that “Staley’s lawyers have dismissed allegations that he hid what he knew about the late disgraced financier as ‘slanderous’and ‘false.’”
She did not, however, reference the trail of 1,000s of emails between the Ponzi schemer Epstein and the ex-JP Morgan and Barclays CEO Staley. The weirdest and most creepy of them read:
Staley: “Maybe they’re tracking u [sic]? That was fun. Say hi to Snow White.”
Epstein: “[W]hat character would you like next?”
Staley: “Beauty and the Beast.”
Epstein: “Well, one side is available.”
Editor’s Note – Unlike as is the case in many publications, this article was NOT sponsored or supported by a third-party. Follow Matthew Steeples on Twitter at @M_Steeples.
A graduate of the London School of Economics, Matthew Steeples is a writer and marketing consultant. He conceived The Steeple Times as a media arena to fill the void between the Mail Online, The Huffington Post and such organs as the New York Social Diary in 2012.
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