Wednesday 14 June 1995
Corporate executives mystified by the media's interest in their pay picked up some tips yesterday from Nick Miles of Financial Dynamics, who dished out advice to the great and good at a pay seminar nattily entitled: "Executive pay: can you ever get it right?"
Mr Miles predicted that annual meetings of the future will all be about shareholders voting on the leading lights' pay packages. He advised those in the phone number pay bracket not to be economical with the truth and not to hide behind old adages, such as justifying their pay as the going international rate.
Mr Miles said it was not the whole package that the public reacted to as much as the salary itself, where pounds 1m marks the pain barrier. It is not known whether British Gas's Cedric Brown, of the 75 per cent pay rise, was in attendance.
The postponement of summer has led armchair sports enthusiasts to lay siege to the fast moving world of spread betting, which lets one bet on just about anything that moves, not just which team or horse will win. It's far more entertaining to bet on the number of times a team's trainer will whip his sponge out.
Compton Hellyer, founder of Sporting Index, a specialist in sports spread betting, refused to be drawn on how the company will fare out of spread betting's recent ascent, but he did confirm that Sporting Index takes an average of around 5,000 bets a week.
In the first two weeks of the Rugby World Cup this shot up to 17,000 bets in total, moving the average up to 8,500, and last week at least 5,000 of those bets were on the rugby alone.
Staff qualifications include being a sports junkie and an ex-trader, such as Alistair Hunter, who used to deal in Japanese warrants and is now a senior rugby trader.
A meeting scheduled for yesterday at SG Warburg did not attract as much attention as the recent shareholders' vote on the sale of Warburg to Swiss Bank Corporation, where it was standing room only.
A meeting of 6.5 per cent subordinated convertible bonds 2008 of SG Warburg was cancelled due to lack of a quorum, not interest apparently, according to a Warburg spokesman.
Only five people turned up. At least two-thirds of the bonds held need to be represented.
Better luck next time perhaps. When the meeting convenes again, the quorum needed drops to only a third.
Geoffrey Macnab reviews American Hustle, also starring Christian Bale and Bradley Cooper
elephant appealThe first 23 lots in our charity auction have now gone. But there are 22 more still up for grabs
newsFormer soldier taped 33 of the animals to the floor and then stamped on them one by one
Michelle Nijhuis' daughter insists (s)he is, and she learnt a valuable lesson on gender in books
news Opponents claim it would stop performers such as Beyonce and Madonna appearing on TV
It takes a platoon of chefs, litres of brandy and rum, and almost 100kg of dried fruit
newsThat most ancient of crimes is on the rise, threatening farmers' livelihoods, community trust – and human health
food + drink
sportIf you thought the London Olympics and Wiggins' Tour glory made last year best, don't forget Murray's Wimbledon win and Farah's double
Sun will 'flip upside down' within weeks, says Nasa
Paul Walker: Fans hold memorial and car rally for Fast & Furious actor
Cycle death inquest: Boyfriend hugs driver of 32 tonne tipper truck that killed his girlfriend
Paul Walker death caused by speed alone
Scores injured after partial ceiling collapses on to audience at Apollo Theatre in London's West End
- 1 America's 'virgin births'? One in 200 mothers 'became pregnant without having sex'
- 2 North Koreans are gasping for the truth: Let's give it to them
- 3 27 animals died during filming of Hollywood blockbuster The Hobbit: An Unexpected Journey, says report
- 4 Sun will 'flip upside down' within weeks, says Nasa
- 5 Christmas comes early: Justin Bieber is 'retiring from music'
- < Previous
- Next >
iJobs Money & Business
£500 - £650 per day: Harrington Starr: Harrington Starr is working with a Glob...
£27000 per annum: Harrington Starr: Junior Consultant (Excel, Financial Spread...
£500 - £600 per day: Harrington Starr: .NET Quantitative Developer - Contract ...
£55000 per annum: Harrington Starr: Technical Operations Analyst (UNIX, Linux,...