Shareholder activism proves that regulating pay would be senseless May 9, 2012 ANDREW Moss, who had been in charge of Aviva since 2007, became the third chief executive to quit amid increasing shareholder discontent in recent weeks, following David Brennan at AstraZeneca and Trinity Mirror’s Sly Bailey. Just what is going on with the public limited company, one of the great inventions of capitalism? It has provided [...]
Shareholder activism proves that regulating pay would be senseless May 9, 2012 ANDREW Moss, who had been in charge of Aviva since 2007, became the third chief executive to quit amid increasing shareholder discontent in recent weeks, following David Brennan at AstraZeneca and Trinity Mirror’s Sly Bailey. Just what is going on with the public limited company, one of the great inventions of capitalism? It has provided [...]
BP settlement gets initial nod May 2, 2012 ■ A US federal judge has given preliminary approval to a proposed class-action settlement that would resolve billions of dollars in claims against BP over the 2010 Gulf of Mexico oil spill. US District judge Carl Barbier’s ruling yesterday allows the settlement process to proceed, but he will hold a “fairness hearing” later this year [...]
Why Boris Johnson is by far the best choice for Londoners | City A.M. May 2, 2012 TOMORROW is decision time for Londoners. Our great city is at a crossroads: it must choose who to elect as its mayor at a time of extreme economic uncertainty and just months before the Olympics, when the eyes of the world will be on London. Having carefully examined all the candidates, this newspaper believes that [...]
Why Boris Johnson is by far the best choice for Londoners May 1, 2012 TOMORROW is decision time for Londoners. Our great city is at a crossroads: it must choose who to elect as its mayor at a time of extreme economic uncertainty and just months before the Olympics, when the eyes of the world will be on London. Having carefully examined all the candidates, this newspaper believes that [...]
Ferrero sets aside $3m for law suit April 29, 2012 Italian confectionery group Ferrero has agreed to set aside $3m to settle a class-action lawsuit championed by a Californian mother after she discovered the group’s Nutella chocolate spread packed more calories than jam or syrup. Notices of class action settlements said Ferrero USA, the group’s US division, would pay up to $4 for every jar [...]
Time for Russia 2.0: Putin’s return promises an economic revolution April 29, 2012 THE Western European view of Russia has not moved with developments in the country since the crash of 1990. To the Western media, Russia remains a kleptocracy run by the mafia. It is seen as secretive, corrupt, plutocratic, hugely unequal and unjust. Yet the challenges that Russia faces are not unique in the world of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 9, 2012 FINANCIAL TIMES AstraZeneca faces calls for shake-up Some of the biggest investors in AstraZeneca are calling for a radical shake-up of the board and executive team, as a new chairman prepares to join the underperforming Anglo-Swedish pharma group. With the company trading on the lowest price/earnings multiple in the sector, some shareholders have been lobbying [...]
RAPID responses April 1, 2012 Action not reaction [Re: An incompetent government hit by Spring of Discontent, Friday] Didn’t things seem to be going well a few months ago? I’m not convinced that a series of strike actions shows we’ve returned to the 70s. I lived through that decade, and things felt very different. Politicians got everything wrong. At least [...]
Unite scored an own goal with the tanker strike – but so has Cameron March 28, 2012 LEN McCluskey, general secretary of the Unite trade union, positions himself as an arch-enemy of the government. Of the Bob Crow school of diplomacy, McCluskey remains convinced civil disobedience is necessary to halt the coalition’s deficit reduction programme. And he seems hell-bent on ruining the Olympic Games with mass industrial action. Now might seem a [...]