Gatwick BA cabin crew face big pay cuts or redundancy
Anger as Unite union accuses British Airways of ‘holding a gun’ to employees through job restructuring Hundreds of cabin crew at British Airways at Gatwick are being told to choose hefty pay cuts or redundancy despite the airline’s owners expecting to make more than €2.2bn (£1.6bn) in profits this year. The most senior, longserving crew […]
A nice pile: the executives cashing in on Britain's housebuilding boom
Developers Berkeley, Persimmon and Barratt are handing out bumper payouts this year, but who gets what? Berkeley Group Related: Bumper payouts for housebuilding executives as market booms Continue reading… Source: The Guardian Circular Economy RSS
Bumper payouts for housebuilding executives as market booms
Berkeley boss Tony Pidgley to face tough questions at AGM over his £23.3m pay package, while Persimmon scheme is spread across 135 of top team Two of Britain’s largest housebuilders, Berkeley Group and Persimmon, could hand out about £1bn to their top executives and managers in pay and bonuses over the next six years, boosted […]
Sir Adrian Cadbury obituary
Former chairman of Cadbury Schweppes and author of the 1992 report that set the standard for corporate governance That Sir Adrian Cadbury’s 1992 report on corporate governance is still recognised around the world as the starting point on how companies should be managed is no surprise. It bore his hallmarks – clarity of analysis, attention […]
America's decline in wages can be traced to the George W Bush era
What if a re-reading of the data reveals the Reagan and Clinton years actually boosted the wages of blue collar and middle income households? One of the statistical touchstones for left-leaning economists is the run of figures showing that US workers have suffered three decades of flat wages. There is no better way to illustrate […]
The innovators: smartphone shortcuts at the click of a Flic
Silicone button connects a wide range of smartphone functions, from taking a selfie to triggering a panic alarm When engineer and Shortcut Labs co-founder Joacim Westlund wanted to track his tobacco consumption, he developed an app for it. But pulling out his phone and navigating through multiple apps to find the right one proved frustrating, […]
US-appointed egg lobby paid food blogs and targeted chef to crush vegan startup
Internal emails reveal coordinated attack by American Egg Board to quash the rise of Hampton Creek’s egg alternative in possible breach of federal regulations A government-controlled industry group targeted popular food bloggers, major publications and a celebrity chef as part of its sweeping effort to combat a perceived threat from an egg-replacement startup backed by […]
Central banks can do nothing more to insulate us from an Asian winter
The ECB’s new tree sculpture offers an ironic counterpoint to the lack of growth in the world’s second-biggest economy The European Central Bank proudly announced on Friday that it is erecting a 17-metre-high bronze and granite tree outside its Frankfurt headquarters – an artwork intended to “convey a sense of stability and growth” – and, […]
Berkeley lays on the shares with a trowel
Tony Pidgley’s housebuilder has its AGM this week. But whatever the news there, he’s already done well If you are a politician who accepts the odd small token of esteem from top businesspeople, you have to admit to it. For example, Boris Johnson once received a glass paperweight and an engraved trowel worth £500 from […]
Labour leadership races can change fast; interest rates, not so much
Jeremy Corbyn looks like a racing certainty. But whatever happens, the election will be more definite than the endless false alarms sounded over the base rate That bookmaker Paddy Power had not only stopped taking bets on Jeremy Corbyn for the leadership of the Labour party but was actually paying out was, shall we say, […]