Business Diary: For directors in the fast lane
Monday 05 December 2011
Director, the monthly magazine published by the Institute of Directors for its members, is always full of eye-catching articles and interesting opinions, whether or not you're a high-flying business executive yourself. Still, one cannot help feeling that the magazine is sticking two fingers up to the latest fevered debate about executive pay with the car review published in its December issue, out this week. It extols the virtues of the Lamborghini Aventador. The keys can be yours for a mere £201,900.
Now it's TUI's turn to suffer some uncertainty
Thomas Cook was furious when, at the height of its financial problems last month, rival travel company TUI placed an advert telling holidaymakers they would be in "safe hands" with the German-owed firm. But it turns out that not everyone is in safe hands at TUI – the communications team will be wondering about their future after the sudden departure of their boss, director Christian Cull.
Knight's own pay is a mystery
Angela Knight, the chief executive of the British Bankers Association, has been back in action over the past few days defending bonuses and the banks in general after a quiet few weeks by her standards. But here's a question for Ms Knight and her colleagues at the BBA: what sort of bonuses do they earn, if any? We ask because the BBA's annual report is far less candid on the subject of remuneration than the publications of her members. It contains not a word on the subject.
Retailers thank the strikers
This is not a political statement, but we can't help noticing that despite the predictions that last week's public sector strike over pensions would cause huge damage to the economy, one particularly beleagured sector may actually have got a lift from the industrial action. Leading retailers report that footfall in their shops was up 20 per cent on Wednesday, compared to a typical mid-week day.
Midsummer swimwear season is well and truly upon us – but diving in at the deep end is no excuse for shirking the style stakes
- 2 Question Time's 'passionate highlander' is the William Wallace of the Better Together campaign
- 3 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
- 4 Tony Abbott embarrasses Australia by praising Japanese WWII military, ‘getting on the sake’ and posing for ‘crotch-shot’ photo opportunity
- 5 The true Gaza back-story that the Israelis aren’t telling this week
Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Question Time's 'passionate highlander' is the William Wallace of the Better Together campaign
Israel-Gaza crisis: Eight killed in Gaza Strip cafe while watching World Cup semi-final
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Sustained immigration has not harmed Britons' employment, say government advisers
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
There’s a nasty smell in the political air – and it’s coming from the Tories
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