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.
Diving in at the deep end is no excuse for shirking the style stakes
- 2 Why I'm on the brink of burning my Israeli passport
- 4 War is war: Why I stand with Israel
- 5 Blackest is the new black: Scientists have developed a material so dark that you can't see it...
Ian Thorpe gay: Olympic swimmer comes out in Parkinson interview
Stephen Fry ‘criticises Operation Yewtree in dinner party rant’ calling for tougher laws to deter false sex abuse allegations
Israel-Gaza conflict: ‘Sderot cinema’ image shows Israelis with popcorn and chairs 'cheering as missiles strike Palestinian targets'
Israel-Gaza conflict: Israeli air strike destroys home for the disabled killing two women residents
Israel-Gaza conflict: Israeli PM says conflict may 'continue for a long time' as hundreds of Palestinians flee their homes
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
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