The jet set loses Wall Street members
So Sandy Weill, the former chief executive of Citigroup, has retreated from using the bank’s corporate jet fleet in the face of hostile headlines, notably “Citi’s Sky-High Arrogance” in the New York Post.
It is a further indication of the extreme inadvisability of companies and banks that have either been given public money, or are seeking it, allowing their executives to fly in Gulfstreams and the like. Read more
A distinguished sceptic about Big Pharma
There is a fascinating interview in the FT today with Sir James Black, the scientist who helped to discover beta blockers and cimetidine, a stomach ulcer treatment. The thing I took from it was his extreme scepticism about drug company mergers, which seem to be revving up again.
Sir James view of mergers such as last week’s $68bn takeover by Pfizer of Wyeth is: Read more
| About this blog | Blog guide |
John Gapper is an associate editor and the chief business commentator of the FT.
He has worked for the FT since 1987, covering labour relations, banking and the media. He is co-author, with Nicholas Denton, of 'All That Glitters', an account of the collapse of Barings in 1995.
Andrew Hill is an associate editor and the management editor of the FT. He is a former City editor, financial editor, comment and analysis editor, New York bureau chief, foreign news editor and correspondent in Brussels and Milan.
Latest columns by John and Andrew