Week in Review: 22/07/12
Sunday 22 July 2012
Losing your job should really mean you end up in the bottom bit of this column. But how can anyone who can now have a lie-in while dreaming of what he can do with £27.5m in the bank really be "at a loss"?
It emerged on Monday that David Brennan, who was ousted as chief executive at AstraZeneca in April, received that pay-off – which includes a £14m pension pot and £9m in shares he had amassed in the company.
Also on Monday, poorly punctuated internet search engine Yahoo! unveiled a new boss in the form of 37-year-old Marissa Meyer (left), a move celebrated by equality campaigners as the long-time Google executive is six months pregnant. She is also in line to earn more than $100m (£64m) over the next five years, though her base salary is "only" $1m.
On Thursday, Bob Keiller was promoted to become chief executive at oil services giant Wood Group, from being head of the group's PSN division.
...at a loss
The mighty Goldman Sachs hasn't fallen, but Tuesday's news that the investment bank's first-half revenue was at its lowest in seven years is certainly a bit of a stumble.
Chief Lloyd Blankfein, above, pointed to a tough second quarter, as clients reduced riskier activities in response to "continued instability in Europe and concerns about global growth".
If rain has ruined your barbecue plans, spare a thought for insurance giants, particularly RSA. Chief executive Simon Lee said on Wednesday weather damage payouts had cost it £50m in claims so far. May's double earthquake in Italy also hurt the company's finances.
On Thursday, a private shareholder-led campaign at Kurdistan-focused Gulf Keystone Petroleum saw Lord Peter Truscott, a peer who was once suspended from the House of Lords over corruption allegations, not stand for re-election as a director.
- 1 Paul Scholes: Manchester City were so good against Liverpool I felt like turning the television off
- 2 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 3 Homer Simpson takes the ALS ice bucket challenge because of course he does
- 4 Hello Kitty is not a cat after all
- 5 Botched ice bucket challenge leaves man critically injured after plane drops hundreds of gallons of water
Kensington flat branded ‘uninhabitable’ by estate agent on sale for a bargain £600,000
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone
Arizona shooting: Gun instructor accidentally killed by nine-year-old girl with Uzi
Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
Hello Kitty is not a cat after all
Exclusive: We share blame for creating 'jihad generation', says Muslim strategist
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
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