Business week in review
Sunday 06 May 2012
Sir Martin Sorrell has claimed he does not have "a substantial pay packet". Lord alone knows how much wonga the WPP boss would consider a decent amount, as last year's base salary was revealed on Monday to be £1.3m, up one-third on 2010. Sir Martin's compensation package – we're not saying pay, as FTSE bosses get angry over the semantics of their rewards – was just shy of £13m.
There are plenty of pariah jobs out there – arms dealers, journalists – but few anger do-gooders as much as cigarette-sellers. That didn't stop Imperial Tobacco boss Alison Cooper announcing increased revenue and dividend for the first six months of the financial year on Tuesday. The group further pleased investors with a £500m share buyback pledge.
On Thursday, RSA boss Simon Lee said demand for UK household and pet insurance was on the up.
... at a loss
It's not an Ashes summer, but still Australians queue to annoy the Brits. On Monday, Cameron Clyne, the head of National Australia Bank, announced 1,400 job cuts at its subsidiaries, the Clydesdale and Yorkshire banks. Clyne said there had been "a significant downgrade in the growth prospects of the UK economy". Whatever – we've still got that urn.
An Aussie with a longer history of annoying Poms is Rupert Murdoch. The octogenarian's horrendous week, after a committee of MPs declared on Tuesday that he was "not a fit and proper person to exercise stewardship of a major international company", was saved by a vote of confidence from News Corp's board.
On Wednesday, Next boss Lord Wolfson admitted that heavy rain had dampened sales.
- 1 What happens to your body when you give up sugar?
- 2 This is what the photographer has to say about the picture of a weasel riding a woodpecker
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Average penis size revealed: Scientists attempt to find what is 'normal' to reassure concerned men
Bill Clinton portrait features Monica Lewinsky reference, artist admits
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
Pornhub turns masturbation into energy in bid to save the planet
The 'sex selfie stick' lets you FaceTime the inside of a vagina
New theory could prove how life began and disprove God
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
This is what it's like to be dead, according to a guy who died for a bit
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
iJobs Money & Business
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...
£50000 - £60000 per annum + Excellent Salary: Austen Lloyd: An outstanding new...
£20000 - £21000 per annum + uncapped commission: SThree: As a graduate you are...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...