Monthly Archives: May 2011

Tesco cuts CEO’s base salary in executive pay rejig | Reuters

This is an image of the Tesco store at Kingsto...

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Reuters – Tesco, the world’s third-biggest retailer, is simplifying its executive pay scheme and cutting the base salary of its chief executive as it seeks to end rows with shareholders over how it pays its leaders. The British group, which saw 47 percent of shareholders either vote against or abstain in a vote over executive pay last July, said on Tuesday it expected the new pay scheme would deliver broadly the same level of rewards as before. However, it said the scheme was simpler and, particularly in the case of the chief executive’s package, more focussed on performance-related elements than fixed payments. New boss Phil Clarke will receive a base salary of 1.1 million pounds, down from the 1.4 million received by his predecessor Terry Leahy, who retired in March.

via Tesco cuts CEO’s base salary in executive pay rejig | Reuters.

Strange Random Salary Quote:
“When an actor comes to me and wants to discuss his character, I say, ‘It’s in the script.’ If he says, ‘But what’s my motivation?, ‘ I say, ‘Your salary.’” – Alfred Hitchcock (English Film Director, 1899-1980)
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Spain’s opposition leader vows to cut debt – Yahoo! News

Mariano Rajoy en un mitín en Cataluña

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MADRID AFPSpain’s conservative opposition leader Mariano Rajoy, frontrunner to become prime minister next year, vowed to impose spending and debt limits if elected, in an interview published on Monday. Rajoy’s Popular Party is riding high after crushing the ruling Socialist Party in local elections May 22, when voters took revenge over an economic crisis and soaring unemployment. Asked what his first act would be if made prime minister, he said the most important would be to lay out a broad package of economic measures to restore confidence in society and the economy. Rajoy said his priorities were to tighten budgets, reform labour market rules and encourage entrepreneurs. “The first would be to approve a budget stability law fixing a ceiling on spending and debt in all government administrations, that is a priority,” Rajoy told the conservative daily ABC. Rajoy said labour market reform would be his second priority.Spain’s unemployment rate struck 21.29 percent in the first quarter of this year — the highest in the industrialised world — and has provoked spontaneous protests in city centres across the country.

via Spain’s opposition leader vows to cut debt – Yahoo! News.

Strange Random Leadership Quote:

Leaders grasp nettles. – David Ogilvy

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The Top 15 Tech ‘Acqui-Hires’

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Forget free iPads, stock options and the other perks Internet companies dangle in front of prospective hires. In the technology industry‘s ongoing war for talent, Google, Facebook and a handful of deep-pocketed firms are using a more potent weapon to get the best engineers: the “acqui-hire.” An “acqui-hire” is when a company buys a startup to obtain the startup’s team, rather than to own its products or technology, which it often kills after the purchase. In the past year, the venture capital flowing into the tech startup space has spawned a wave of small companies that is siphoning talent away from larger Internet firms.

Faced with a shortage of engineers, large firms are going on startup buying-sprees and using the founders and engineers they pick up to fill high-level positions.

via The Top 15 Tech ‘Acqui-Hires’ – HuffPost.

Strange Random Hiring Quote:

“Hire people who are better than you are, then leave them to get on with it . . . look for people who will aim for the remarkable, who will not settle for the routine.” — David Ogilvy

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Zapatero Names Spanish Successor, Strengthens Party Reins for Debt Crisis – Bloomberg

José Luis Rodríguez Zapatero during his meetin...

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Spanish Prime Minister Jose Luis Rodriguez Zapatero backed Alfredo Perez Rubalcaba as Socialist candidate in the next general election and clung on as leader of the ruling Socialist Party, entrenching his role in staving off Europe’s debt crisis. Zapatero, who said last month he wouldn’t seek a third term in elections scheduled for 2012, endorsed Rubalcaba, the deputy prime minister, as the Socialist candidate and thanked Carme Chacon, who he made Spain’s first female Defense Minister in 2008, for pulling out of the contest to bolster party unity.

Rubalcaba “is the person who our colleagues and our voters want,” Zapatero said at a party meeting in Madrid today. “He is loved and appreciated by our own, respected by his opponents and feared by the terrorists of ETA.”

via Zapatero Names Spanish Successor, Strengthens Party Reins for Debt Crisis – Bloomberg.

Strange Random Politics Quote:
An election is coming. Universal peace is declared, and the foxes have a sincere interest in prolonging the lives of the poultry. – George Eliot, Felix Holt
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Street Signs: Lifestyles of the Rich and Indicted

Watch Street Signs – Season 2011, Episode 0526 – Lifestyles of the Rich and Indicted: A look at how wealthy crime defendants live while awaiting trial, with Dolly Lenz,…

Vodpod videos no longer available.

Strange Random Luxury Quote:

“It was luxuries like air conditioning that brought down the Roman Empire. With air conditioning their windows were shut, they couldn’t hear the barbarians coming.” – Garrison Keillor (American writer and broadcaster b.1942)

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