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[February 08, 2014]
(Observer (UK) Via Acquire Media NewsEdge) Quote of the week goes to BP chief executive Bob Dudley. The American managed to ruffle a few feathers by speaking out against Scottish independence on Tuesday, saying: "My personal view is that Great Britain is great and it ought to stay together." A good week for Stephen Hester. It's out of the frying pan and into the fire for the ex-Royal Bank of Scotland boss, who has resurfaced at the helm of scandal-hit insurance group RSA. Awkwardly, RSA's next financial results are due on 27 February - the same day as RBS's. Even more awkwardly, RBS is expected to report an pounds 8bn loss.
On the plus side, Hester could earn twice as much in his new job, and the size of his bonus is unlikely to attract the attention of the prime minister.
A bad week for Sony boss Kazuo Hirai, who announced a profit warning, the loss of 5,000 jobs, and the Japanese firm's exit from personal computer manufacturing, all on the same day. Oh, and the Bravia television business is being parked in a separate unit. Two years ago, on succeeding Sir Howard Stringer at the helm, Hirai's first attempt to stem years of losses was to axe 10,000 jobs. On Thursday, he warned the latest round of staff cuts might not be the last.
(c) 2014 Guardian Newspapers Limited.
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