Business Diary: 27/06/2009
Saturday 27 June 2009
Cashing in on a belief in free markets
The Economist arrives, with the curious omission of almost any coverage of the latest row over City bonuses.
Could this be connected to the fact that The Economist published its own annual report this week? It showed that former CEO Helen Alexander, who stood down last July, less than four months into the year, took home almost £1.2m, including a £678m payment from a long-term incentive plan.
Buik offends some powerful people
More embarrassment for David Buik, the BGC Partners frontman who has a reputation for, how shall we put it, acting in haste and repenting at leisure. Buik fired out one of his splenetic emails yesterday, berating the leading US Democrat Nancy Pelosi for a supposed expenses outrage. Minutes later, another email was dispatched, confessing that he'd been passing on duff information and begging forgiveness.
The Mandelsons: like father, like son
A long-standing Independent reader gets in touch to complain that Lord Mandelson, the Business Secretary, has not had the courtesy to reply to a letter he sent with ideas for job creation.
Our reader, who sent the Lib Dem Treasury spokesman, Vince Cable, the same letter and got an acknowledgement straight away, has nagged the Business minister's office several times, but to no avail. The last time he encountered such rudeness, he adds, was 22 years ago, when the advertising manager of the Jewish Chronicle failed to respond to a complaint he had made. And the identity of the discourteous sales executive in question? It was none other than Mandy's dad, George.
Memo from the boss: get a haircut
James Caan, the entrepreneur, is a tough man to please. Having persuaded the former Dragon's Den judge to invest in his company Insynergy, Spike Hughes, left, was invited on to the business TV channel CNBC along with Caan himself. Full of praise for Hughes' business acumen, Caan revealed one nagging doubt. "The only downside to Spike", he complained, "is his hairstyle." One imagines that Hughes has already been to see his local barber.
Number of the day: 33
Number of years Tony Pidgley has run the housebuilder Berkeley. He is now to move up to the chairmanship.
Kirstie Allsopp has waded into the female fertility debate again
...and it wasn't caused by an asteroid crash, as first thought
- 1 Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
- 2 Prince held a Facebook Q&A and this is the only question he answered...
- 3 35,000 walrus gather on north-west Alaska beach 'for a rest'
- 4 Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
- 5 A teacher speaks out: 'I'm effectively being forced out of a career that I wanted to love'
Stella McCartney apologises over controversial 'very ill' model picture on Instagram
Snoop Dogg and Jared Leto buy a stake in Reddit as A-list invests $50m
Prince held a Facebook Q&A and this is the only question he answered...
Brad Pitt, on the moment he completely lost his temper with Clint Eastwood's son
Cheryl Cole named 'the most dangerous celebrity' on the internet
Former Tory donor Arron Banks ups his Ukip donation to £1million following William Hague 'nobody' comment
Exclusive: 'Putin's Russia has been my biggest regret,' says Nato's outgoing Secretary General
The Osborne Ultimatum: Chancellor’s benefits freeze bombshell will affect ten million households
There’s no excuse for Dave Lee Travis’s behaviour, but we need to keep a sense of proportion
Mark Reckless becomes second Tory MP to defect to Ukip in a month
Should gay sex be illegal? 16% of Britons think so
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