Simon English: Has John Varley had anattack of conscience?
Friday 02 March 2012
Outlook If the bloke setting your pay is a banker, you must surely fancy your chances of getting a decent bonus and a tasty rise in salary. After all, he probably can't believe you rub by on so little in the first place, and could hardly offer moral grounds as a reason for restraint.
So when John Varley, former chief executive of bonus-crazy Barclays Bank, rocked up as head of the remuneration committee at AstraZeneca, lips must have been licked. Directors grinned. We're well in here.
But the gossips – in this case a fund manager close to the company – reports that the highly regarded chief financial officer, Simon Lowth, is struggling to get the pay deal he wants. Mr Varley hasn't yet given it the nod. The company is firing people and looking at cost cuts, but that can't be the reason for the delay.
Not unless a banker has had a sudden attack of conscience...
- 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
- 4 The remarkable archaeological underwater discovery that could open up a new chapter in the study of European and British prehistory
- 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
iJobs Money & Business
£40000 - £50000 per annum + pro rata: SThree: SThree Group have been well esta...
£30000 - £37000 per annum: Recruitment Genius: Established in 1999, a highly r...
£250-£300 Day Rate: Jemma Gent: Are you a qualified accountant with strong exp...
£230 - £260 Day Rate: Jemma Gent: Do you want to stamp your footprint in histo...