CITY DIARY: Co-Op boss Richard Pennycook bemoans British business culture



Co-Op's ghoulish boss Richard Pennycook bemoans British business culture. Successful US entrepreneurs, he says, prefer to give something back.
'Whereas here in Blighty we have Philip Green on his yacht, sending out all the wrong signals.' 
Pennycook, 62, stunned peers this year by requesting a 60 per cent cut to his £1.25million salary. 
It's possible he and 'Sir' Shifty occupy rather different orbits, ethics-wise.
Have relations soured between Chancellor Philip Hammond and Theresa May? Downing Street insists not. 
But BlackRock's £150,000-a-year strategist Rupert Harrison, former chief of... read more

 
17 October 2016 in Business, Views: 45
Source: Daily Mail
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