As you may have heard, Barclays is on a hunt for a new Chief Executive Officer, having fired Antony Jenkins earlier this week. Over at the Journal there are some tips for the new guy, whoever he may turn out to be (Bob Diamond: The Resurrection?), re: avoiding a similar fate. They include:
• Putting down the smartphone and speaking in full sentences: "On a trip last year visiting clients on the east coast of the U.K., some sales people accompanying Mr. Jenkins were excited to spend some time with the big boss. But they said that they were disappointed when Mr. Jenkins stared at his BlackBerry for most of the ride and gave monosyllabic answers to questions."
• Acting like he was in on various bank analysts' idea of hazing: "As a joke, analysts covering the bank would sometimes ask Mr. Jenkins tough questions about numbers at the bank that they knew he couldn’t answer, according to one analyst. Mr. Jenkins predictably would turn the question over to Mr. Morzaria, who is known for his encyclopedic knowledge of the bank’s key figures."
• KNOWING THY ENEMY!: "Jenkins liked to tell people that he enjoyed a warm working relationship with John McFarlane, the British bank’s new chairman. The men knew each other from sitting on the advisory board of Cranfield School of Management, a U.K. business school, and Mr. Jenkins thought they saw eye to eye, according to a person familiar with his thinking. Mr. Jenkins was given a rude awakening in recent days when he became the latest victim of a chairman known as “Mack the Knife.” Facing a boardroom of frustrated directors, Mr. Jenkins was fired as CEO on Wednesday."