Monthly Archive for July, 2012

Barclay’s bank … 3 directors resign

Three directors of Barclays bank resigned in July after beuing accused of fixing the LIBOR interest rate at which banks lend to one another.

During a parlimentary hearing, the CEO Bob Diamond, who later resigned, offered an aplogy, and was asked by MP John Mann about the three founding Quaker principles, which the former chief executive did not appear to know, were “honesty, integrity and plain dealing”. Mann offered to tattoo the words on Diamond’s knuckles – at which point, Diamond said: “Honesty, integrity, and plain dealing are the way I have behaved through out my entire career.” (The Guardian, July 4, 2012)

Peter Haslam, of Transforming Business, Cambridhe University, commented, “While the trinity of virtues he cited may have failed to feature in Barclays’ apology, it does feature in Barclay’s Apology – a book first published in English in 1678 by the Scottish Quaker Robert Barclay. The full title was An Apology for the True Christian Divinity, and it had a formative influence on the development of business ethics in the global economy.”

Haslam continued, “had the dealers in Barclays observed the Decalogue’s prohibition against lying and stealing, rate rigging would have been avoided. As it is, the bank has incurred a hefty fine, a loss of trust, a leadership vacuum, and the prospect of criminal prosecution.”

Liberal Democrat peer Lord Oakeshott told Sky News: “This is a great day. Bob Diamond was the greedy gambler, personified. What really matters now is that the criminals inside Barclays, that they are charged and they are convicted and the full force of the law is brought to bear. Stealing money as a banker is the same thing as stealing from a house. (London Evening Standard, July 3)

The Bible says, “So, if you think you are standing firm, be careful that you don’t fall!: (1 Cor 10:12)  We need to hold fast to the age-old truths of the Bible and keep vigilant on our motives and deeds.


Sleeping with your smart phone?

This is the title of a book by Leslie Perlow, professor of leadership at Harvard Business School. Professor Perlow did a survey of 1,600 managers and professionals and found that only 2 percent turned off their devices, even while on vacation!

I recently had a two week holiday in France with no TV, no internet and hardly any phone reception. It was great (after the first three days)!

In an article in the New York Times,( ) she describes an idea that through organizational change, companies are increasingly realizing that employees need to be disconnected from time to time and that “giving workers time to chill helps ultimate long-term productivity.”

I am sure that helps! We are running the risk of information overload! As employers, we should be asking ourselves if we are putting too much burden on our people , asking them to be available 24/7.  At the beginning of 2012, Volkswagen reached an agreement with a small portion of its work force to stop the e-mail server for employees who used BlackBerrys 30 minutes after their shift ended and restore it half an hour before work began the next day.

We need time for reflection, time for our fgamilies and time for our most important relationship with God.

Jesus set the example! He was never in a hurry, never stressed, yet had lots to do and a huge, world changing mission to accomplish. And .. he did not have a smart phone but He did have a direct line with His Father!

This summer, I want to build in time for family, time for the Lord and time for myself! His promise is still true:

“Come to me, all you who are weary and burdened, and I will give you rest. Take my yoke upon you and learn from me, for I am gentle and humble in heart, and you will find rest for your souls. For my yoke is easy and my burden is light.” (Matthew 11:28-30)