Business

Barclays boss reveals ‘no jerks’ rule

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The Barclays chief executive has imposed a “no jerks” rule at the bank.

Bob Diamond said “jerk” bankers were epitomised by an infamous 2002 episode in which six Barclays staff ran up a £44,000 alcohol tab over lunch at a London restaurant.

“Everyone gets stressed from time to time but no one should ever not be nice. You know what a jerk is when you see it,” he said.

In an interview with the Times, Diamond said the rule applied to bankers considered to be prima donnas, too greedy, too ostentatious or poor team players. He said he had already kicked out 30 staff for breaking his new ethics rule.

Full story: Barclays boss reveals ‘no jerks’ rule | Business | guardian.co.uk.