[August 16, 2014]


(Observer (UK) Via Acquire Media NewsEdge) Quote of the week goes to Lord Browne, the former boss of BP, as Trevor Burgess became the first openly gay chief executive of a bank to list its shares on Wall Street by floating C1 Financial. "Role models like Trevor prove that being open and authentic is no barrier to success," he said.

A good week for James Crosby, the disgraced former boss of HBOS, who will pick up pounds 850,000 from the sale of the sub-prime car lender Moneybarn to Provident Financial. David Hoare, the City turnaround expert who was recently appointed to chair the schools regulator Ofsted, is also expected to reap a substantial windfall from the sale.

A bad week for Lord Chadlington, the embattled boss of public relations group Huntsworth, who said he was stepping down and that the company was placing its joint venture with a Chinese investor on hold. Huntsworth's shares rose 29% on the news, despite a drop in first-half profits.

(c) 2014 Guardian Newspapers Limited.

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