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.
- 1 Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
- 3 Giorgio Armani criticises the way some gay men dress saying 'a man has to be a man'
Rarest Beanie Baby bought for just £10 at car boot sale could be sold for £62,500 on eBay
Katie Hopkins and The Sun editor David Dinsmore reported to police for incitement to racial hatred following migrant boat column
'Jihadi John': Isis executioner Mohammed Emwazi wanted to wage jihad in Somalia until his friends were betrayed and killed by al-Shabaab
Parma, Missouri: 80 per cent of town's police quit after first black mayor is elected
Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
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