1. Barclays CEO Says Edward Bramson, The Activist Investor Agitating for Change at the Bank, Hasn't Laid Out a Strategy

    Barclays CEO Says Edward Bramson, The Activist Investor Agitating for Change at the Bank, Hasn't Laid Out a Strategy
    • Activist investor Edward Bramson has yet to lay out a vision for how he wants British lender Barclays to alter its strategy, despite taking a major stake and publicly agitating for change, according to the bank's CEO, Jes Staley.
    • Bramson, whose hedge fund Sherborne Investors owns a 5% stake in the bank, is agitating for change, but according to Staley, has not set out a vision for doing so...
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    1. We've had a reasonable engagement with Bramson, over the last year, we'll see him again in March. He really hasn't laid out his strategy to us, you know, we read the press, and see what they say.
    2. After considering the situation carefully, we do not have confidence that continued engagement with the company, strictly as an outsider, will produce any more measurable results in the future than it has to date.
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