Business week in review
Sunday 15 September 2013
PricewaterhouseCoopers chairman Ian Powell was certainly in the money on Monday, after revealing that he was paid £3.6m for the year to June. That's up £300,000 – or one week of Gareth Bale's time – on last year. More broadly, more than 870 partners took home an average of £705,000 each, up 4 per cent on 2012.
On Tuesday, South African mining and commodities trading magnate Ivan Glasenberg pleased investors when he revealed that the cost savings from the $42bn (£29bn) deal that created Glencore Xstrata would be $2bn.
Royal Mail boss Moya Greene fired the starting gun on the flotation of the 250-year-old postal business, though unions are set to vote over a possible strike.
...at a loss
For balance, we lead the down-at-heel side of this column with Big Four accountant, Deloitte. UK senior partner and chief executive David Sproul saw his bean-counting empire fined a record £4m by the Financial Reporting Council for failing to manage conflicts of interest over their advice to collapsed car manufacturer MG Rover.
Rover collapsed into administration in 2005, for the loss of 6,000 jobs with debts totalling £1.4bn.
On Wednesday, Barclays chief executive Antony Jenkins warned of "a property-driven boom", arguing the market was "more buoyant" than at any time over the past 10 years.
WM Morrison boss Dalton Philips said on Thursday a third of the supermarket's customers are "one pay cheque away from bankruptcy".
- 1 Forget 'The Dress': Here are five of the biggest news stories you might have missed
- 2 The black and blue dress: Makers considering a white and gold version
- 3 PornHub turns masturbation into energy in bid to save the planet
- 5 Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
PornHub turns masturbation into energy in bid to save the planet
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
White and gold or blue and black – what colour is the dress? An eyewitness gives a definitive answer
Saudi Muslim cleric claims the Earth is 'stationary' and the sun rotates around it
New theory could prove how life began and disprove God
Half of Ukip voters say they are prejudiced against people of other races
This is what it's like to be dead, according to a guy who died for a bit
'Cash for access' scandal: Sir Malcolm Rifkind says 'unrealistic' for MPs to live on £67,000 salary
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Ukip would cut billions from Scottish budget to fund English tax cuts
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