The news that Dave Hartnett, the UK’s chief tax collector, has become a consultant to Deloitte, is hardly shocking because so many now pass through the revolving door. In France, when public servants cash in by taking private sector jobs, it is called pantouflage. In Japan, it is amakudari (“descent from heaven”); and, in the US, it is normal.
Long hours have become the norm for employees, and the demands of social media and working for global organisations mean that for many there is never an end to the working day.
There is a case that a rested employee is more productive. But should a company encourage its workers to sleep? Read more
About a year ago I was in San Francisco’s Pacific Heights, gazing down at the Golden Gate Bridge from one of Larry Ellison’s many spectacular homes. The Oracle chief executive wasn’t there – he had lent the house out for a reception. In any case, he would be the last person to apologise for enjoying the fruits of his success. But the view from technology executives’ balconies is getting stormier. After banks and bankers, could they be next to feel the sting of a populist backlash?
In saying AG Lafley is “uniquely qualified” to lead Procter & Gamble – again – Jim McNerney, the board’s presiding director, somewhat understates the case.
Not only was Mr Lafley one of P&G’s most successful ever leaders between 2000 and 2009, he has literally written the book on how he achieved the corporate turnround – Playing to Win, co-authored by Roger Martin and published this year. But the record of chief executives who return to the top job is mixed: while there are benefits to bringing back the former CEO, there are pitfalls too. Read more
After six years of scrutiny, and repeated legal action against those around him, Steve Cohen remains a free man. His $15bn hedge fund SAC Capital is still in business and he still firmly maintains his innocence, despite the evident disbelief of regulators and prosecutors. It is time to prosecute him.
SAP’s striking decision to hire people with autism to programme and test its products has already generated some sceptical commentary from FT readers. But it should be welcomed, and not only by sufferers of the condition. Read more
Tony Hayward’s appointment as interim chairman of Glencore Xstrata last week marked his rehabilitation, three years after he told reporters “I’d like my life back”, following the fatal Deepwater Horizon explosion.
As Larry Page, Google’s chief executive, launches a new music subscription service and the company’s share price continues to climb, it’s worth nothing what a success he has so far been in the role – despite the doubters, including myself. Read more