Business Diary: Why it is time to lay off Sir Fred

We're as happy as anyone to give Sir Fred Goodwin a kicking, but it does strike us that picking on him is rather too much like shooting fish in a barrel. A new book from Matthew Hancock and Nadhim Zahawi, snapped up for serialisation by a Sunday newspaper, makes claims about Sir Fred's autocratic style of leadership at RBS, recounting some well-trodden gossip about the banker's fury when staff served the wrong biscuits at a meeting. The problem with knocking Sir Fred is that it's just too easy: since he has such a diminished reputation these days, people think they can say what they like about him.



Obama's magic didn't work

Bad news for the folk at Guinness, who have already been through one round of job cuts at the famous factory in Dublin where the black stuff is made. When President Obama was pictured drinking Guinness on his visit to Ireland in the spring, everyone assumed the marketing fillip would be tremendous. But it hasn't quite worked out that way: Diageo, Guinness's owners, warned yesterday that sales in Ireland – north and south of the border – are off 3 per cent so far this year and that there could be more job losses.



Hay should get in touch with Hays

Public-sector organisations are not doing enough to reduce their wage bills, according to a new report from the management consultancy Hay Group, even though this failure is putting jobs at risk. Perhaps Hay should have a word with its near-namesake Hays, the recruitment consultant that accidentally told the world earlier this week that it is recruiting consultants for taxpayer-owned Royal Bank of Scotland on rates that can go as high as £2,000 a day.



Microsoft gets its own back at last

News reaches us that Microsoft has finally gained its revenge on Apple after all these years of watching the upstart technology company's success with an all-consuming jealousy. Apparently, Steve Jobs's statement on Tuesday evening read "I reign as CEO of Apple" but he made the mistake of writing the statement in Microsoft Word, which did one of its quirky auto-correct things to the second word. And then there was no going back.

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: DBA Developer - SQL Server

£30000 - £35000 per annum: Recruitment Genius: This is an exciting opportunity...

Recruitment Genius: Customer Service Administrator

£13000 - £15000 per annum: Recruitment Genius: Are you passionate about custom...

Recruitment Genius: Dialler Administrator

£22000 - £25000 per annum: Recruitment Genius: Main purpose: Under the directi...

Ashdown Group: Contracts Manager - City of London

£35000 - £37000 per annum + benefits : Ashdown Group: Contracts Manager - City...

Day In a Page

Blairites be warned, this could be the moment Labour turns into Syriza

Andrew Grice: Inside Westminster

Blairites be warned, this could be the moment Labour turns into Syriza
HMS Victory: The mystery of Britain's worst naval disaster is finally solved - 271 years later

The mystery of Britain's worst naval disaster is finally solved - 271 years later

Exclusive: David Keys reveals the research that finally explains why HMS Victory went down with the loss of 1,100 lives
Survivors of the Nagasaki atomic bomb attack: Japan must not abandon its post-war pacifism

'I saw people so injured you couldn't tell if they were dead or alive'

Nagasaki survivors on why Japan must not abandon its post-war pacifism
Jon Stewart: The voice of Democrats who felt Obama had failed to deliver on his 'Yes We Can' slogan, and the voter he tried hardest to keep onside

The voter Obama tried hardest to keep onside

Outgoing The Daily Show host, Jon Stewart, became the voice of Democrats who felt the President had failed to deliver on his ‘Yes We Can’ slogan. Tim Walker charts the ups and downs of their 10-year relationship on screen
RuPaul interview: The drag star on being inspired by Bowie, never fitting in, and saying the first thing that comes into your head

RuPaul interview

The drag star on being inspired by Bowie, never fitting in, and saying the first thing that comes into your head
Secrets of comedy couples: What's it like when both you and your partner are stand-ups?

Secrets of comedy couples

What's it like when both you and your partner are stand-ups?
Satya Nadella: As Windows 10 is launched can he return Microsoft to its former glory?

Satya Nadella: The man to clean up for Windows?

While Microsoft's founders spend their billions, the once-invincible tech company's new boss is trying to save it
The best swimwear for men: From trunks to shorts, make a splash this summer

The best swimwear for men

From trunks to shorts, make a splash this summer
Mark Hix recipes: Our chef tries his hand at a spot of summer foraging

Mark Hix goes summer foraging

 A dinner party doesn't have to mean a trip to the supermarket
Ashes 2015: With an audacious flourish, home hero Ian Bell ends all debate

With an audacious flourish, the home hero ends all debate

Ian Bell advances to Trent Bridge next week almost as undroppable as Alastair Cook and Joe Root, a cornerstone of England's new thinking, says Kevin Garside
Aaron Ramsey interview: Wales midfielder determined to be centre of attention for Arsenal this season

Aaron Ramsey interview

Wales midfielder determined to be centre of attention for Arsenal this season
Community Shield: Arsene Wenger needs to strike first blow in rivalry with Jose Mourinho

Community Shield gives Wenger chance to strike first blow in rivalry with Mourinho

As long as the Arsenal manager's run of games without a win over his Chelsea counterpart continues it will continue to dominate the narrative around the two men
The unlikely rise of AFC Bournemouth - and what it says about English life

Unlikely rise of AFC Bournemouth

Bournemouth’s elevation to football’s top tier is one of the most improbable of recent times. But it’s illustrative of deeper and wider changes in English life
A Very British Coup, part two: New novel in pipeline as Jeremy Corbyn's rise inspires sequel

A Very British Coup, part two

New novel in pipeline as Jeremy Corbyn's rise inspires sequel
Philae lander data show comets could have brought 'building blocks of life' to Earth

Philae lander data show comets could have brought 'building blocks of life' to Earth

Icy dust layer holds organic compounds similar to those found in living organisms