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Michael Rake, Rich Ricci Shun Top Barclays Posts

LONDON--Barclays PLC (BCS.LN) Deputy Chairman Michael Rake has shunned the chance to become chairman of the beleaguered bank, and Rich Ricci, Chief Executive of Barclay's investment banking arm, pulled out of the race to become CEO of the parent company, U.K. newspapers reported Sunday. This means Barclays will continue to have a crisis of leadership after the recent departure of Bob Diamond as CEO, Jerry del Missier as chief operating officer and Marcus Agius as chairman following Barclays' involvement in a major Libor-rigging scandal. The Sunday Times reported that several top shareholders at Barclays favored Mr. Rake to be chairman, but he last week told John Sutherland, the non-executive director leading the search, that he did not want to be considered. The article cited unnamed sources as saying Mr Rake's decision "reflected the fierce scrutiny of the choice of Barclays' new leadership". It said Mr. Sutherland may struggle to find a candidate acceptable to the financial regulator and the government. It said other potential contenders include Pearson PLC (PSON.LN) Chairman Glen Moreno and Augustine O'Donnell, a former Cabinet secretary, who is also seen as a potential candidate to be the next governor of the Bank of England. The Sunday Telegraph said Mr Ricci "is believed to have told friends" that he doesn't want to be CEO of Barclays, and doesn't think it would be sensible for him to be appointed. The report said Mr Ricci wants to focus on running the investment banking business and restore its reputation in the wake of the Libor scandal. A Barclays spokesman couldn't be immediately reached for comment. -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320 Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Pearson (PSO)
DateTimeHeadline
02/28/201417:03:34ADR Shares End Mixed; Pearson Shares Active
02/28/201412:41:09LONDON MARKETS: FTSE Rises 4.6% On The Month; Pearson Slides
02/28/201409:54:38LONDON MARKETS: FTSE Trims Monthly Gain To 4.5% As Pearson Slides
02/28/201409:45:33EUROPE MARKETS: European Stocks Drop After Euro-zone Inflation...
02/28/201409:42:18EUROPE MARKETS: European Stocks Slip Ahead Of Inflation Data
01/27/201412:18:14LONDON MARKETS: BG Leads FTSE 100 To Five-week Low After Profit...
01/23/201412:50:01LONDON MARKETS: Pearson, Miners Lead FTSE 100 Lower
01/23/201412:13:24EUROPE MARKETS: Weaker China PMIs Spark European Stock Selloff
01/23/201407:54:05EUROPE MARKETS: European Stocks Drop With Earnings; China PMI...
01/23/201404:33:22EUROPE MARKETS: European Stocks Inch Higher After Upbeat PMIs
01/23/201403:50:06Pearson Flags Tough Trading
12/03/201304:20:10Pearson Unveils $720 Million Brazil Buy
12/03/201303:04:10Pearson Buys Brazil's Biggest English-Teaching Firm for GBP440...
11/29/201307:27:08Pearson Sells Mergermarket to BC Partners for GBP382 Million
10/30/201317:54:22ADR Shares End Mixed Following Fed Meeting
10/30/201313:21:26LONDON MARKETS: Barclays, Next Lift FTSE For Fifth Straight Day
10/30/201305:20:03Pearson Warns On Profit
10/30/201304:12:14Pearson Warns On Yearly Profit
10/18/201313:38:08Pearson Seeking Up To $500 Million for Mergermarket -Bloomberg
10/10/201317:10:20ADR Shares End Higher Amid Hints of a Debt-Ceiling Reprieve

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