Business Diary: Office knees-ups cost half-a-billion
Tuesday 14 December 2010
Phew, we were starting to worry. Without certain hardy perennials – a Daily Mail story about repeats on the telly, for example – it just isn't Christmas. And with less than two weeks to go, we hadn't seen the "cost of the Christmas party" classic. Fortunately, here's Travelodge with some dubious research about the economic cost of a knees-up. "This revelry will cost £620m," the budget hotel group reckons. "On average, workers will spend three hours and five minutes just staring into space due to a raging hangover."
We're from HP and we're here to help
Is Hewlett-Packard the scariest company in the world? If you're due to negotiate with HP any time soon, cross your fingers it doesn't send one of its "lean sigma black belts". This is – no joke – how HP describes an elite group of European staff who it puts through business school each year. They're particularly focused on identifying waste, which presumably means telling employers how many staff should get the chop.
'Rich sent me' cuts no ice at Virgin
It's no surprise to us Sir Richard Branson is a popular guy, but Virgin Atlantic, his own airline, reckons he may not have quite so many friends as it might appear. The "I'm a friend of Richard" gambit is the most common tactic of customers seeking an upgrade, Virgin says, though it has also published some more imaginative efforts. We particularly like the story of the man who suggested to the Virgin desk the stress of his wife's pregnancy merited an upgrade – for him, that is, rather than his wife, who the customer was happy to see left in economy.
The £60k lunch not on RBS watch
So the Diary owes Royal Bank of Scotland an apology. We ran a snippet on Saturday remarking on the bank's chief executive, Stephen Hester, labelling his own colleagues "stupid" following reports of a bash earlier this year in which a group of bankers noisily spent £60,000 on a boozy afternoon in a London bar. The bank points out that the employer of the boozers in question was never identified – so Hester wasn't talking about his own staff but the métier. Our humble apologies for having suggested that RBS bankers would ever behave in such a fashion.
- 1 Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Dad attempts revenge on teenage daughter, plan backfires spectacularly
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Isis 'throw man off a building for homosexual affair' and beat him to death when he survives
Woman falls to her death as she celebrates marriage proposal at the edge of Ibiza cliff
Boris Johnson claims porn-obsessed Islamic jihadists are 'literally w*****s'
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Ball pool for adults opens in London
9 reasons Greece's experiment with the radical left is doomed to failure
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...