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.
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Driving while dehydrated can be just as dangerous as drink driving, study suggests
- 5 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Professional big game hunter Ian Gibson crushed to death by elephant during hunt
Ben Affleck asked TV chiefs to hide slave-owning ancestry, new hacked Sony emails published by Wikileaks claim
Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
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