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.
- 3 Russian girl takes her own life after parents find pornography on her computer
- 4 Ball pool for adults opens in London
- 5 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Kim Kardashian on Bruce Jenner's 'story': 'We support him no matter what, and I think when the time is right, he'll talk'
Russian girl takes her own life after parents find pornography on her computer
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
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...
£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...
Competitive salary & benefits!: MBDA UK Ltd: MBDA UK LTD Indirect Procurement...