Were it not for the heavily armed police presence that have turned the ExCel Centre into a protest-free zone, the day's gathering could easily be mistaken for a conference of executive junior managers.

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But if these junior managers knew about Mr Diamond's conversation with Mr Tucker, then there is an implication that Mr Diamond talked to some Barclays executives about how damaging it was for the bank that it was perceived to be paying higher bank-to-bank interest rates than rivals.

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Maybe she is suggesting that none of us take risks, sit on our cash, and be junior middle managers for the rest of our lives.

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"I have been made aware of a number of serious concerns about the behaviour of some junior and middle managers at HMP Holloway and I have a duty to ensure they are investigated, " said Mr Narey.

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It means encouraging all staff, from senior-level managers to junior associates, to participate in a movement to build better businesses from the inside out: the movement of social intrapreneurship.

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At PricewaterhouseCoopers LLP, managers nominate six junior staffers who have been at the firm for three to six years to participate in a three-month swap between the U.S. and Australia.

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In one study, they did online surveys of 208 incoming business graduate students who had been working as junior to mid-level managers at a range of companies, including health care, finance, manufacturing and pharmaceuticals.

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Managers cannot possibly be expected to keep track of the actions of junior staff.

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