The deadline for gender pay gap reporting closed yesterday, but what does the published data tell us? Fox & Partners’ Ronnie Fox questions whether the requirements are a waste of money, brains and time – a Wombat.
Sir Martin Sorrell has relished being in the spotlight in the past, such as at The Times CEO summit, but is staying quiet now.
He was the best-paid chief executive of any UK public company, a consummate dealmaker and one of the most polished networkers in world business — but when, late on Saturday night, Sir Martin Sorrell quit WPP, the company he had built into an advertising industry colossus, its shareholders and 200,000-plus employees were left almost entirely in the dark.
Despite the abolition of a mandatory retirement age, many UK firms’ partnership agreements include a clause suggesting the age at which the majority of their senior lawyers should pull up stumps and move on (in contrast, lawyers at US firms are well known for working into their 70s and beyond).
Germany’s biggest lender dramatically ousted the Briton over the weekend, with its chairman, Paul Achleitner, saying his bank needed a “new execution dynamic” in its leadership. Christian Sewing, a Deutsche lifer who most recently ran its retail bank, was appointed chief executive.