Business Diary: Ex-Anglo executive has nookie on the brain...
Thursday 09 July 2009
Graham Boustred, a former deputy chairman of the mining group Anglo American, startled readers of the South African newspaper Business Day with his loathing for the company's chief executive Cynthia Carroll, saying: "This woman's hopeless. There's no morale." Unfortunately, that was just for hors d'oeuvres. "Do you know why it's difficult to find a female CEO?" the enlightened 84-year-old continued. "It's because most women are sexually frustrated. Men are not, because they can fall back on call girls, go to erectile dysfunction clinics. If you have a CEO who's sexually frustrated she can't act properly."
... and reckons he is a real Anglophile
Meanwhile, Boustred is desperate to prove his British heritage because he wants to migrate here if "the wheels come off" South Africa. Any place in particular, the interviewer asked. "The Isle of Man. There are no Muslims, no blacks," he explained. Thanks, but no thanks.
Huff slashes his stake in Virgin Media
Bill Huff, a US hedge fund manager who has been a director of Virgin Media since 2003, has been reducing his stake in the group of late. Huff, who had a bit of a ding-dong with rival shareholders in 2005 over his influence at Virgin, reduced his 16.2 per cent holding to less than 2 per cent in November. Since then, he and his company (it is unclear how the holdings were split) have sold 99 per cent of their holding from more than five million shares to just 26,000. Virgin insists this doesn't mean their director is storming off in a huff.
Market storm rains on Meriwether's parade
It feels as if an era is ending. John Meriwether, the legendary player of "Liar's Poker" on the trading desks of Salomon Brothers, is folding his hand. He is winding down JWM Partners, the hedge fund he set up in 1999. This is the same man who set up Long-Term Capital Management, the fund whose implosion in 1998 threatened to bring down the financial system. JWM's flagship fund lost 44 per cent in the 18 months to February, and the flight of many investors hobbled any attempt to repair the damage. What the blow-up of Salomon and the LTCM crisis somehow failed to do, this even bigger financial calamity finally has.
Number of the day: 17.88%
FTSE 100's current level above the March trough. That technically leaves the blue chip index in a bear market.
Olympic diver has made his modelling debut for Adidas
- 1 Daniele Watts: Django Unchained star's white boyfriend Brian Lucas confirms LAPD internally investigating 'racist' detainment
- 2 Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
- 3 Pakistani passenger power forces two politicians off plane
- 4 Say yes to 'no-poo': It's been three years since I stopped washing my hair
- 5 John Travolta addresses former pilot's gay romance allegations publicly for the first time: 'That was the lowest I'd ever felt'
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
iJobs Money & Business
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...
£20000 - £25000 per annum + OTE £35,000 first year: SThree: The SThree group i...
£20 - 24k (Uncapped Commission - £35k Year 1 OTE): Guru Careers: We are seekin...