Business Diary: World Bank turns to Lehman alumni
Saturday 25 June 2011
The World Bank naturally wants the best possible staff to monitor risks to the financial system and the global economy, which it so often has to prop up. So you'll be pleased to hear that its new treasurer has a strong background in issues of risk. Step forward Madelyn Antoncic, who used to work as the chief risk officer at one of Wall Street's leading investment banks. OK, so it was Lehman Brothers, but Antoncic is thought to have told the bank's bosses they were making bets that were too big.
Will Cardiff roar or merely purr?
You may not have heard of Kevin Gardiner, who is head of investment strategy at Barclays Wealth, but he has a claim to fame. Back in 1994, when he was working at the investment bank Morgan Stanley, he invented the term "Celtic Tiger" to describe the roaring ( as it was back then) Irish economy. Now Gardiner is turning his attentions to the economy of the capital of Wales with an event next month headlined "Cardiff, Celtic Tiger or Celtic Kitten?" Let's hope that the second option doesn't stick.
Another plucky British loser
The folk at Original BTC, a lighting manufacturer based in Oxfordshire, were very excited to see one of their products feature on Wednesday night's episode of The Apprentice. The company's founder, Peter Bowles, immediately issued a press release crowing about his product, which, Diary must concede, did have a certain charm. "The last 21 years prove how successful British manufacturing can be," says Mr Bowles of his creation and the company's history. Good for him, though he surely must have noticed that the team flogging the teapots lost Wednesday night's task by amargin larger than ever seen before on the show.
Getting his own back on the boss
We are not condoning this sort of behaviour, but we can't help feeling a little pleased that the Baltimore man who hacked his way into his former boss's computer has escaped a jail sentence in a case that has just been concluded. Having been fired by the gentleman in question, Walter Powell, 52, wanted revenge. And boy did he get it, infiltrating his boss's computer and replacing his presentation to the board with pornography.
- 1 Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Bill Cosby: Isn’t it obvious why his accusers have stayed silent up until now?
- 4 Halle Berry takes ex-boyfriend Gabriel Aubry to court for allegedly trying to make daughter look less African-American
- 5 Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Ferguson decision: Tea Party website mocks Michael Brown's family over T-shirt typo
Michael Brown shooting: Ten things we know – or know better – now the Ferguson grand jury's work is over
Isis propaganda image showing 'abuse of Muslim woman by soldiers' is actually taken from Hungarian porn film
Derren Brown on the disappointment of coming out: 'It’s not that people react badly to it – they really don't care'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Revealed: How the world gets rich – from privatising British public services
Exclusive: UK approved £7m Israeli arms sales in six months before Gaza conflict
iJobs Money & Business
£Attractive: Citifocus Ltd: High calibre individual with significant product d...
£Negotiable: Citifocus Ltd: Leading global bank seeks experienced credit analy...
£Attractive Package: Citifocus Ltd: High calibre individual with a high degree...
£Attractive: Citifocus Ltd: High calibre individual with superior academics an...