Business week in review
Sunday 07 April 2013
Let's get out of the City and London and focus on an Edinburgh-based investment firm.
Very, very in profit after the Easter holiday was David Nish, the chief executive at Standard Life. On Tuesday, it was revealed that he took home nearly £5m last year, over half of which came in the form of a long-term incentive scheme.
That means his pay package was almost double his 2011 deal. However, you can still feel for Nish: his basic salary was only up 1.9 per cent to £790,000, which is a similar increase to the rest of Standard Life's workforce.
Who'd heard of Anthony Salz until Wednesday? Well, quite a few people, to be fair, particularly in legal and media circles, having previously been senior partner at lawyers Freshfields and a vice-chairman of the BBC's board of governors.
But the legal eagle is even better known after publishing his internal review into the way Barclays does business, which found a culture of greed that values short-term gains over the interests of the bank's customers. Compelling reading.
Domino's Pizza boss Lance Batchelor thanked disgusting hot dog-stuffed crust pizzas for impressive first quarter sales on Thursday.
...at a loss
Ivan Glasenberg, the big man of the global mining industry, suffered a rare blow on Tuesday. The seemingly endless process of merging his sugar-to-zinc commodities trading empire, Glencore, with miner Xstrata is going to take longer still to finalise after Chinese authorities said they needed more time to approve the deal.
As a result, the £56bn deal's deadline date has been pushed back for a fifth time, on this occasion from 16 April to 2 May. Approval from China is crucial as the country is the biggest buyer of commodities minded and traded by Glencore.
When's it time for the revisionist "he was a saint really" potted history on Fred "the shred" Goodwin?
Not yet, as the ex-knight of the realm – oh yes, the press will gleefully mention that stripped "Sir" at any opportunity – was one of the former directors at Royal Bank of Scotland that were hit by a £4bn claim from disgruntled shareholders on Wednesday. The RBS Shareholder Action Group claims that directors misled investors over a 2008 rights issue.
Tullet Prebon boss Terry Smith admitted to a "not particularly vintage" 2012 as his pay and bonuses fell by nearly £1m on Thursday.
Much-loved cartoon character returns - without Sir David Jason
Liam Neeson's Downton dreams
Matt Smith is set to join cast of the Jane Austen classic - with a twist
Actress to appear in second series of the hugely popular crime drama
Olympic diver has made his modelling debut for Adidas
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
- 2 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Revealed after 75 years of secrecy: 'Fifi' the glamorous WW2 special agent who tested British spies' resolve
- 5 Have you heard about the film Singapore has banned its people from watching? Well, you have now
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
Scottish independence: Final opinion polls show undecided voters could swing result either way
Scottish independence: Almost half of No voters have felt 'personally threatened' by the Yes campaign
Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
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