Archive for the 'Business' Category

Lehman Brothers bosses may face court for ‘gimmicks’

Thursday, March 11th, 2010

• Former chief Dick Fuld and accountants Ernst & Young criticised in 2,200-page report• Claims that buyer Barclays received assets it was not entitled to• Fuld tried to involve Gordon Brown to fast-track Barclays rescue

A court-appointed US bankruptcy examiner has concluded that there are grounds for legal claims against top Lehman Brothers bosses and auditor [...]

John Lewis shares £151m in bonuses

Thursday, March 11th, 2010

• Department store and Waitrose profits up 9.7%• All grades of staff receive payout worth 15% of salary
More than 70,000 staff at the John Lewis Group have been handed a bonus equal to nearly eight weeks’ pay after the department store and Waitrose supermarket chain posted a near-10% rise in profits.
The £151m bonus payout comes [...]

John Lewis shares £151m in bonuses with staff

Thursday, March 11th, 2010

• Department store and Waitrose profits up 9.7%• All grades of staff receive payout worth 15% of salary
More than 70,000 staff at the John Lewis Group have been handed a bonus equal to nearly eight weeks’ pay after the department store and Waitrose supermarket chain posted a near-10% rise in profits.
The £151m bonus payout comes [...]

All John Lewis staff to share £151m bonus pot

Thursday, March 11th, 2010

Staff bonus amounts to 15% of basic salary and is higher than last year

The John Lewis Partnership has handed an annual bonus of £151m to its staff after enjoying a near-10% rise in profits.
The group, which operates 224 Waitrose supermarkets as well as 29 department stores, announced profits, excluding bonuses and tax, of £306.6m this [...]

Developing nations storm rich list as Mexican named No 1

Thursday, March 11th, 2010

Developing nations storm Forbes rich list as America Movil’s Carlos Slim beats Microsoft’s Bill Gates to top spot
The old order is under threat at the world’s billionaires club. Traditionally dominated by Americans and Europeans, the top ranks of the world’s richest people have been infiltrated by scores of ultra-rich entrepreneurs from the developing world – [...]