Business Diary: A flotation that’s all about Me Me Me
Wednesday 08 December 2010
We're not sure what to make of Cathal Morrow, who has come up with a novel idea for a protest against all that is wrong with our financial system. He plans to float himself on the London Stock Exchange – as Me Me Me plc – and is soliciting support from would-be shareholders.
It's afascinating idea but what will Mr Morrow do with all the cash, should he be successful? Might it go to his head? And note that his last intellectual project of this sort, sponsored by a private-equity firm, was to go a whole year without telling a single lie. That doesn't bode well for a capitalist.
Strike one against 'Ebeanezer Heinz'
Heinz, the global food company, is facing a strike at its plant in Wigan, where staff are nothappy with the pay deal on offer. The strike vote was pretty comprehensive – nearly 90 per cent of those who took part in the ballot backed taking action – and it has to be said that Unite, their union has come up with a decent slogan. "It's time Heinz stopped using Eb-bean-ezer Scrooge-like tactics," says the union's national officer Jennie Formby. Geddit?
Capital snow keeps Moulton grounded
Pity the good folk of the Edinburgh Chamber of Commerce. Battered by 10 days of wintry weather, they had been looking forward to a pep talk from the private-equity veteran Jon Moulton, who is now chairman of Better Capital. Sadly, the snow and ice put paid to the trip, with the closure of Edinburgh Airport meaning he couldn't make it to the lecture. Still, with Mr Moulton these days very focused on environmental issues, why didn't he switch to the much greener train?
City's thanks for Knight and Sants
Having spent the past few years defending Britain's most unpopular companies in her role as chief executive of the British Bankers' Association, it's safe to say Angela Knight is not universally loved. Similarly, Hector Sants, boss of the FinancialServices Authority, which let the banks get away with it, isn't everyone's cup of tea. Sweet then, that both of them have just been made honorary fellows of the Chartered Institute for Securities & Investment on the same day, in recognition of their "exceptional personal contributions to the City".
- 1 Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
- 2 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 3 Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
- 4 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
- 5 New Tricks: Dennis Waterman to leave the show after a decade of crime-solving
Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
Kim Kardashian 'nude pictures' leaked on 4chan weeks after Jennifer Lawrence 'The Fappening' scandal
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Ice Bucket Challenge: US firefighter Tony Grider dies after participating in charity craze near power lines
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
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