Business Diary: Bloom warns of token women
Thursday 19 May 2011
Godfrey Bloom, the economist who is now the UKIP MEP for Yorkshire, has got himself worked up over the European Parliament's backing for new corporate governance rules requiring companies to do more to promote women to top jobs. "I feel it my duty to warn all my old City colleagues that amongst other proposals, special gender discrimination is on its way to City boards," he says. "So line up your token women everyone." It's fair to say the MEP has a little form on this issue, once telling an interviewer that "no self-respecting small businessman with a brain in the right place would ever employ a lady of child-bearing age".
Baghdady gets his apprentices
Stock market investor Mike Baghdady announced six months ago that he was looking for 15 ordinary people for trading jobs at his firm. Now Baghdady has found his trainees and is promising to give each one £100,000 to trade with – the best will get a full-time job. We await the results with interest, although the fact that Baghdady employed "business psychologist" Edna Agbarha, one of the wackier contenders on The Apprentice just now, to help him pick doesn't fill us with hope.
Gross all set to keep his man
Bill Gross can relax. As the Diary reported yesterday, Gross was alarmed to see rumours that his co-chief Mohamed El-Erian might take over from Dominique Strauss-Kahn at the IMF. But now El-Erian has scotched the gossip. Although he thinks "this feudal selection approach [to choosing the head of the IMF] must be changed, and now is the time to do it", El-Erian adds that he has no intention of taking the job.
When Buffett ran into security
HBO's premiere of Too Big to Fail, the movie based on Andrew Ross Sorkin's account of the financial crisis, attracted astar-studded audience at the Museum of Modern Art in New York. The crowd included everyone from the financier George Soros to the actor Michael Douglas. One of the biggest names almost didn't get past security, however. Warren Buffett had to admit to the doormen that he hadn't brought his ticket – and was almost turned away before an embarrassed event organiser intervened.
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