Clydesdale Bank is paying Sir Richard Branson £15m a year following its £1.7bn takeover of Virgin Money
Clydesdale Bank’s decision to rebrand itself Virgin Money following its £1.7billion takeover of the brand – eventually paying Sir Richard Branson £15million a year for the privilege – carries one potential ramification for the Scots.
Since Scottish bank notes are issued by the banks, Virgin Money fivers and tenners will soon likely be in circulation. Clydesdale’s notes carry images of Robert the Bruce and Robert Burns, but would you bet against Virgin Money’s bearing Beardie’s grinning visage?
Fingers-in-every-pie entrepreneur Luke Johnson, former chairman of Pizza Express, muses: ‘People who insist on using ‘Dr’ in front of their name – when they aren’t medical doctors – are almost as insufferable as people who always put MBE, CBE etc after their name.’
Quite so. TSB’s ‘Dr Paul Pester’ and Dragon’s Den preener ‘James Caan CBE’ are absurd creatures. But is brilliant, though unclubbable, Luke, 56, secretly yearning for a gong?
Former US Treasury Secretary – and noted Trump critic – Larry Summers tweets a picture of the coliseum, opining: ‘A return to Rome is a sobering reminder to this American that pre-eminence is not guaranteed to last and is threatened most gravely by demagoguery and decadence.’
Summers, 63, was wittily portrayed in the brilliant 2011 Facebook film, The Social Network, as a pompous blowhard. Can’t imagine why!
No sign of stagnant wages at City law firm Kirkland & Ellis, which have just upped their newly qualified lawyers’ dollar-pegged salaries.
An ‘NQ’ – typically aged between 24 and 25 – now earns £143,000, marginally less than the Prime Minister. As the old legal boast goes: ‘You win some, you lose some – but you still get paid for all of them.’
Speaking of City lawyers, have you been watching ITV’s charming World Cup pundit Eniola Aluko?
When not banging in goals for England, brainy Eniola, 31, is an associate consultant at magic circle firm Slaughter and May. No doubt she and colleague Ryan Giggs contest the finer points of law off-camera.