Bob Diamond has a particular way of running Barclays Capital.The bank has a standing “no jerk” policy for hiring new employees and according to the Financial Times, a few ways to steer unwanted showy types away from the company on their own.
Some rules Diamond has in place:
- No personalised stationary for senior bankers
- The bank will not hire a new MD who did not make MD at his or her previous institution
- No showing up in a limo
The last one isn’t exactly a rule, but a Barclays exec tells the Financial Times that once, a senior banker showed up in a limousine.
“He didn’t last long,” said the exec.
Diamond didn’t even want employees’ titles listed on their business cards. He’s OK with one status symbol though: Barclays-engraved 24 carat gold cufflinks. Every new MD gets a pair, and they’re allowed to be jerks about them. The cufflinks were once sent back because the bankers didn’t like them.