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The mission was to restore Barclays’s good name, but will Jes Staley’s scandals undo his work?
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In August 2012, while sailing off Sweden in his 28-metre yacht the Bequia, Jes Staley took a series of calls that left him with the impression he was about to become chief executive of Barclays. The American had been in discussions with the outgoing Barclays chairman, Marcus Agius, and his successor.
Staley was passed over for the post at the time, and wouldn’t be appointed to the top job for another three years. While this gave him more time for sailing, in 2015, he made one trip he may wish he hadn’t: to see convicted sex offender and disgraced financier Jeffrey Epstein on his private Caribbean island.
That visit was at the centre of the scandal that last week saw Staley fall on his sword after a run-in with City of London regulators. The
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