Thursday 11 May 1995
Not many senior executives would envy British-born Leslie Hinton, 51, his new position as executive chairman of Rupert Murdoch's News International. On past form, the senior post after Murdoch at News is not a job with long-term prospects.
Mr Hinton, however, is a 35-year veteran of Murdoch's empire. His longevity is considered nothing short of miraculous in a company notorious for sudden sackings.
Plainly, Mr Hinton has strong survival instincts. He was instrumental in the £1.8bn purchase of TV Guide in 1990, which almost brought the Murdoch empire down. "That was his one mistake," a close colleague said. "But he speaks straight, and doesn't just tell Murdoch what he wants to hear."
Having sparkled in the £100m international equity issue for Pakistan Telecom in 1994, Jardine Flemming rightly felt confident of its pitch to lead the privatisation of Pakistan's separate international telecommunications company.
However, it has found itself unceremoniously shaved off even the short list, with the work going to Morgan Grenfell, owned by Deutsche Bank of Germany and doyenne of advice on telecom sales from Peru to Bolivia.
The privatisation is one of the most lucrative opportunities to emerge from Asia this year. Pakistan's government is likely to pay a hefty £5.6m for advice to the consortium led by Morgan Grenfell if the transaction is completed.
Dastardly rumours have circulated about undercutting of fees to nail down the business. Flemming's was staying mum on the matter.
Sabre Fund Management, promoter of offshore investments, has launched itself into the ring of sports sponsorship with a £120,000, three-year deal with the British Amateur Wrestling Association (BAWA). This attracted a parallel award from Sportsmatch, the official Business Sponsorship scheme for drawing new sponsors to sport, bumping the package up to £200,000. The cash will go to a grass roots programme to encourage wrestling for the young. Sabre's chairman Peter Swete feels wrestling is an appropriate skill when dealing with financial markets.
One for the Bank of England. A Gallup survey for the Carpet Council revealed 96 per cent cent of people said they would replace existing carpets with new ones. Furthermore, the survey said an attribute which made carpets popular was that they were 'soft and safe'. One can only assume that carpet in the Bank of England was a different kind of carpet altogether.
- 1 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
- 5 Israel's propaganda machine is finally starting to misfire
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
'Women should not laugh in public,' says Turkey's Deputy Prime Minister in morality speech
Drew Barrymore’s sister Jessica found dead in her car surrounded by 'dozens of white pills'
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
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