Business Diary: A nicer way to describe those bankers
Saturday 07 November 2009
Many people have their own names for bonus-grabbing bankers – mostly unprintable – but Stephen Hester, chief executive of Royal Bank of Scotland (84 per cent owned by the taxpayer) uses a different term. He and his colleagues are now "stewards of public money", he explains. We know that, Stephen – it's the fact that you keep stewarding it into executives' pockets that worries us.
A painful reminder of where the crisis began
Still on RBS, do staff wince every time they see a TV report on their employer? Every outside broadcast now seems to take place in front of RBS's glass-fronted building in the City of London. The office used to be the HQ of ABN Amro, the Dutch bank for which RBS paid so much two years ago, plunging it into this mess in the first place.
Do what I say, not what I do
The fat cat row is also continuing in the US, where Johnson & Johnson has just announced 8,000 job cuts. Trades unions are a little exercised by the timing of the redundancies – a week ago chief executive Bill Weldon made headlines by buying two properties next door to each other on the waterfront in Florida. The price was a cool $8.45m.
The battle to be the greenest grocer
What is Waitrose doing? First it let Sainsbury's revel in having a better record on palm oil imports and now it has lost out to its rival in being first to install charging points for electric cars at its stores.
Greasing the wheels of the recovery
Well done to WD-40, "the world's number one lubricant company". Sales have tripled this year, as Britons have embraced a "make-do-and-mend" culture in the face of the slump. To boost the brand further, WD-40 is to sponsor James Wade, the world's third best darts player.
Number of the day: 7.8 per cent
The increase in sales at John Lewis last week compared to the same week of 2008, as the recovery continues.
- 1 'Kidnapped boy may have been abused and murdered by VIP paedophile ring,' say police
- 2 Ridley Scott on Exodus, Gods and Kings casting: 'I'm not going to get it financed if my lead actor is Mohammad so-and-so from such-and-such'
- 3 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 4 This letter from a reader explains why women can’t play football
- 5 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Black Friday 2014: Opening times for Asda, John Lewis, GAME, PC World and Argos
Miss Honduras Maria Jose Alvarado's stylist Luis Alfredo Garcia is found stabbed to death
Dr Lam Hoe Yeoh: Voyeur doctor jailed for eight years after using network of hidden cameras to film patients, colleagues and friends on the toilet
'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Scientists predict green energy revolution after incredible new graphene discoveries
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
iJobs Money & Business
£6000 - £60000 per annum + Bonus and Benefits: Ampersand Consulting LLP: UI De...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...
Negotiable: h2 Recruit Ltd: A rapidly expanding, global Software/ SaaS Vendor ...
£20000 - £25000 per annum + OTE £Competitive: SThree: SThree Group and have be...