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.
- 1 The difference between a migrant and refugee, in one sentence
- 2 Miley Cyrus calls out hypocrisy of women’s nipples being taboo
- 3 Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
- 4 iPhone 5c to be discontinued, no iPhone 6c to replace it
- 5 Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
The difference between a migrant and refugee, in one sentence
Spain accused of 'provocation' after letting Russian submarine refuel off Gibraltar
Allonautilus scrobiculatus: World's 'rarest' creature spotted for only the third time ever
Miley Cyrus calls out hypocrisy of women’s nipples being taboo
Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Labour leadership: Jeremy Corbyn accused of 'deluding' young supporters with 'claptrap'
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Iain Duncan Smith calls for urgent ESA overhaul as part of drive to cut down welfare costs
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...