“Barclays cut the amount it set aside for bonuses by 23 per cent in the first half of the year as chief executive Jes Staley exerts a tighter grip on pay in a push to hit the bank’s profitability target. […] It was the lowest amount allocated to the bonus pool in a first half since 2016, when Mr Staley started rebuilding the investment bank following a push by his predecessor to scale back the unit.”Financial Times
August 13, 2019
“(T)ough job market…meant there was less risk that disappointed Barclays employees would quit.”
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Reputation risk: peril of stakeholders’ disappointment and anger.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
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