'I've ditched 40 executives just for being jerks': Barclays boss Bob Diamond fights back against demonisation of bankers

Banker Bob Diamond has introduced what he calls 'the no-jerk rule' and has encouraged at least 40 executives at his firm to find jobs elsewhere.


The American-born chief executive of Barclays said he does not care how good people are at what they do, if they are not suitable, they will be asked to leave.

So far he claims dozens of executives have been shown the door after behaving like jerks or spending lavish amounts of money. 


Mr Diamond also said if bankers act like 'Prima Donnas' or don't get along with their colleagues they can work elsehwere.


'You know what a jerk is when you see it,' he said. 'If we ever ignore the rule it always comes back to haunt us.'

The millionaire, who boasts high profits, big bonuses and an annual salary of £6.75 million said the 'greed is good' attitude of some bankers was 'a bit' of a jerk thing to do.    Read More