The business on...Breon Corcoran, Chief Executive, Betfair
The favourite won!
Yes, which is something bookmakers won't want to hear today, the first really big Saturday of the jumps season.
The big race is sponsored by Paddy Power, the company Betfair's new boss, Breon Corcoran, is leaving, where he was second in command. Even Betfair's critics concede it has picked the right horse.
But will he be a champion at the end of the season?
Ah, now that's going to be more difficult. Mr Corcoran has a very good pedigree, though. He's had Paddy Power's highly successful remote gambling (industry speak for telephone and internet) operation under his control. Which is good news given Betfair's all about remote gambling.
There are some fences to jump though, aren't there?
The two companies are poles apart culturally. Paddy Power relentlessly plays up Its Irishness and is a PR whizz. "The punter's pal" blitzes customers with offers and specials. At the same time it is also a hard commercial success. Betfair's PR approach has been much more aggressive, snapping at other bookies. But as an exchange it needs to heed both sides of the betting transaction.
Can he do it?
Well he's very bright, being a graduate of Dublin's Trinity College with an MBA from the French business school Insead. He also knows about human resources, which was part of his remit at Paddy Power.
Why does that matter?
Because many analysts reckon Betfair has too many people at its Hammersmith HQ. If it comes to firing people, Mr Corcoran will need all his charm to keep the remaining staff onside.
Children's bookseller wins The Independent's new author search
Board creates magnetic field to achieve lift
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
- 3 Former East 17 frontman Brian Harvey turns up at Downing Street and 'demands to speak to Prime Minister'
- 4 Kentucky gang rape: 15-year-old boy left in critical condition after sexual attack by group at party
- 5 Paralysed man Darek Fidyka walks again after treatment by British doctors on brink of 'cure'
Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
Oscar de la Renta dead: Legendary US fashion designer dies after long cancer battle aged 82
Oscar Pistorius: The brutal prison life that awaits disgraced athlete
Banksy arrest hoax: Internet duped by fake online report claiming artist's identity has been revealed
Super-sized ships arrive in Britain: How big can they get?
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Jose Manuel Barroso warns David Cameron against making 'historic mistake' over immigration reforms
Worst Airports of 2014: Poll names Islamabad airport in Pakistan worst in the world
iJobs Money & Business
£23000 per annum + pension and 22 days holiday: Ashdown Group: An established ...
£27000 per annum + pension, 22 days holiday: Ashdown Group: An established ind...
£23000 - £26000 Per Annum: Clearwater People Solutions Ltd: Our client is curr...
£25 - 30k: Guru Careers: A Corporate Actions Administrator / Operations Admini...