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.
Royal Marine Sgt Alexander Blackman jailed for life for murder of Afghan insurgent
Ja Rule forced to deny leaving wife for prison cell mate
Nelson Mandela: 11 inspirational quotes to live your life by
Nelson Mandela's death: South Africa and the world mourns loss of Nelson Mandela
Crash pilot who threatened Ukip leader Nigel Farage found dead
- 1 Cameron's freebie to apartheid South Africa
- 2 Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
- 3 Sherlock series 3: Benedict Cumberbatch and Martin Freeman provide teasers for the biggest comeback in British television
- 4 A forgotten episode in Russian history leaves links with the Philippines
- 5 People will try to reduce Mandela to a lilting reggae tune about ‘love’. They will fail
- < Previous
- Next >
iJobs Money & Business
£30000 - £40000 per annum + Bonus and Benefits: Harrington Starr: A global Con...
£150 - £250 per day: Cornwallis Elt : iPhone Rollout- Blackberry Enginee...
£55000 - £70000 per annum: Pro-Recruitment Group: A well-known and renowned in...
£450 - £500 per hour: Cornwallis Elt : Business Analyst Finance System Hy...