MOD PAY CONSULTANTS £5K A DAY TO TELL THEM HOW TO MAKE SAVINGS -- PEN pushers at the Ministry of Defence are using consultants earning £4,000 a day to advise them on how to save taxpayers' money. The eight consultants are also set to get a 30 per cent success fee, pushing up their pay to more than £5,000 a day each. The move is likely to cause fury as thousands of soldiers lose their jobs. Robert Oxley, of the TaxPayers Alliance, said: "The MoD has a huge financial black hole to fill.
Oompa, Loompa, Computery do...
Apple's Steve Jobs: A real-life Willy Wonka with an eye for detail, beauty -- He had a full head of hair, which, like his beard, was thicker and darker than we would come to know. He wore a light blue, open-collared Oxford shirt under a sports jacket instead of the turtlenecks that became his trademark. If it weren't for the piercing eyes looking ahead we might not recognize the 30-something man leaning over a computer on the cover of the October 1981 issue of Inc. magazine. The headline: "This Man Has Changed Business Forever." The man: Apple boss Steve Jobs.
An interesting vote of confidence for BoA.
Buffett Invests $5 Billion in Bank of America -- Warren Buffett comes to the rescue, again. On Thursday, Berkshire Hathaway, run by Mr. Buffett, announced plans to invest $5 billion in Bank of America, a vote of confidence for the beleaguered financial firm. The conglomerate has agreed to buy 50,000 preferred shares that will pay a 6 percent annual dividend. Bank of America has the option to buy back the shares at any time for a 5 percent premium.
A Saab story.
Saab Fails to Pay Workers on Time -- Troubled Swedish car maker Saab Automobile AB hasn't managed to pay its blue-collar employees their August wages on time, the head of the IF Metall union at Saab Automobile said Thursday. "We haven't received any money so far," Hakan Skott said.
Saab Automobile's Dutch owner, Swedish Automobile NV, on Tuesday said workers' August paychecks could be delayed due to a lack of funds, but that Saab Automobile was taking every necessary step to collect the funds in time.
- Sheena Moore