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.
- 1 UK's biggest male rape charity Survivors UK has state funding slashed to zero despite 120% rise in men reporting sexual violence and seeking help
- 2 'Don't blame all men for rape' campaign backfires spectacularly
- 3 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 4 Charlie Charlie Challenge explained: it's not a Mexican demon being summoned — it's gravity
- 5 Paracetamol Challenge: Mother of girl killed by overdose pleads with teenagers to ignore 'craze'
UK's biggest male rape charity Survivors UK has state funding slashed to zero despite 120% rise in men reporting sexual violence and seeking help
Priest warns pupils the 'Charlie Charlie Challenge' is 'demonic activity'
Iran launches anti-Isis cartoon competition 'to expose true nature of Islamic State'
University league tables: Best universities for teaching standards rank Oxford, Cambridge and Coventry among top 20
Tinder and Grindr dating apps blamed for surge in cases of HIV, syphilis and other STDs
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
The day that Britain resigned as a global power
SNP fury as HS2 finds 'no business case' for taking fast train service to Scotland
A nation of inequality: How the UK is failing to feed its most vulnerable people
Australian man punched in the face for defending Muslim women from abuse on train
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
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