James Moore: Diageo's Paul Walsh deserves high praise
Outlook Mr Corcoran may just be out of the stalls, but Paul Walsh has reached the finishing line. He has stepped down as boss of Diageo, with the company's shares having more than tripled on his watch.
There are other drinks businesses that have done better (Investec points to Pernod Ricard) but it is still pretty good going, given that the FTSE 100 has over the same period put on about 50 per cent. In a world of overwhelming pay packages for distinctly underwhelming performance, that rather stands out.
You would think the market would have the good grace to mark the shares down, a compliment generally extended to the small group of chief executives who can point to similarly impressive resumés, but the transition to his de facto number two Ivan Menezes has been handled with such aplomb, and the business's prospects are sufficiently attractive that most investors appear only too happy to hang in there. Perhaps that's the best compliment of all.
Is your name now 'banned' in Saudi Arabia?
Oscar Pistorius trial: Photographs of Paralympian splattered in blood shown in court
Seth Rogen compiles list of all the celebrities he’s got high with
Missing Malaysia Airlines Flight MH370: Satellite ‘pings sent five hours after contact was lost' the only clue in hunt for £160m plane
Missing Malaysia Airlines Flight MH370: Plane's communications were deliberately disabled says prime minister Razak as new radar evidence points to hijacking
Katie Hopkins continues campaign to become Britain's most hated talking head with poorly timed Bob Crow tweet
No EU referendum under Labour: Ed Miliband to reveal that vote on membership is ‘unlikely’ in next Parliament if party wins power
Grace Dent: Who cares if she spells it Barraco Barner? Gemma Worrall is more employable than some bookish arts graduate
Europeans have ‘got whiter’ due to natural selection in past 5,000 years, scientists say
Fracking is turning the US into a bigger oil producer than Saudi Arabia
The rise of Ukip: Study warns Labour that Eurosceptic party's electoral base now 'more working class than any of the main parties'
- 1 Is your name now 'banned' in Saudi Arabia?
- 2 Best films on Netflix: 32 movies that will put an end to your scrolling
- 3 Saving a crushed egg with tape and glue: Why you should care about the kakapo
- 4 Istanbul protesters take 'Ellen selfie' from the back of a police van
- 5 Lady Gaga has struggled with eating disorders in the past, so it's indefensible that she's glamourising bulimia in her SXSW set
iJobs Money & Business
£35000 - £43000 per annum + Bonus and Benefits: Harrington Starr: A global lea...
£50000 - £60000 per annum: Harrington Starr: Linux Systems Administrator - UNI...
£32000 - £36000 per annum + generous benefits: Pro-Recruitment Group: * TAX * ...
£37000 - £40000 per annum + £20000 benefits package: Pro-Recruitment Group: **...