CITY DIARY: Tracey McDermott is promoted at Standard Chartered after her predecessor’s sexist jokes
Promotion: Ex-Financial Conduct Authority boss Tracey McDermott
Ex-Financial Conduct Authority boss Tracey McDermott’s elevation to head of compliance at Standard Chartered comes at the expense of her American predecessor Neil Barry, who was found to have behaved inappropriately towards colleagues.
Financial News reports goateed Barry was sacked for telling sexist jokes ‘which may have got a bit lost in translation’.
Happily there’s no danger of any office gags while sober Tracey, 57, is in charge, risqué or otherwise.
Ryanair’s annual report reveals Michael O’Leary’s remuneration last year was £2.1million.
Strangely, the airline has also published the pay of rival chief executives from IAG (Willie Walsh – £4million) and Lufthansa (Carsten Spohr – £3.7million) over the past three years.
Do they hope to sell near billionaire O’Loudmouth, 57, to striking Ryanair staff as a bargain?
Sir Richard Branson claims when he collected his knighthood in 2000, he worried the Queen would remember his record label had been responsible for publishing the Sex Pistols’ lèse-majesté punk song God Save the Queen.
He says: ‘I was slightly nervous that it would have been a slice of the head instead of a tap on the shoulders but she forgave us.’
Records show Prince Charles conducted Beardie’s investiture that day. Still, a charming story all the same.
The BBC’s svelte Economics editor Kamal Ahmed’s promotion to editorial director will likely prompt a flurry of job applications for his much coveted old job.
Current business editor Simon Jack should be a frontrunner should he be interested, but following recent gender pay controversies bosses may feel inclined to hand it to a woman.
I’m advised the prospects of investment banker-turned broadcaster Dharshini David, 45, are much discussed around Broadcasting House.
A painfully boring Guardian investigation reveals the Institute of Economic Affairs’ director general Mark Littlewood invited an undercover reporter posing as a donor to a lunch with the promise: ‘We’ll make sure you’re sat next to [ex-Northern Rock chairman] Matt Ridley.’
What an enticement! Reminds me of a competition the New Statesman once held for the most doom-laden words you could hear upon arriving at a London dinner party. The winner: ‘Come right in, you’ll find Sir Geoffrey’s in sparkling form.’