Google boss: I’m very proud of our tax avoidance scheme.’
Google’s Chairman Eric Schmidt said £2.5 billion tax avoidance ‘is called capitalism’.
Up to 750,000 could be hit by Norovirus bug as UK faces biggest outbreak yet.
Rebecca Brooks given £11 million pay-off from News Corp after phone-hacking scandal.
HMV warns it is on brink of collapse.
Barclays could slash up to 2,000 jobs.
James Harding quits as editor of The Times.
Guardian News and Media (GNM), publisher of the Guardian and The Observer, has hired former ITV marketer Julia Porter to the role of director of consumer revenues.
Bauer Media has appointed former She magazine editor Claire Irvin as its first editor-in chief across its parenting portfolio of titles.
Trinity Mirror poaches Neil Jagger to head sales and marketing.
Audi UK head of marketing Dominic Chambers has left the Volkswagen-owned car marque.
ALVAREZ & MARSAL
The professional services firm specializing in turnaround and interim management, hired Albert Schiff, the former chief executive officer of NYLEX Benefits, as managing director and head of its new executive benefits consulting division. Jay Lubin, Steven Leifer and Christine Church will also join as senior directors in this division.
The fund manager hired Michael Fernandes as partner. He joins from Khazanah Nasional. The firm also promoted Stewart Langdon to partner.
CBOE HOLDINGS INC
CBOE’s Chief Executive William Brodsky, who transformed the member-owned exchange into a publicly traded company best known as the home of Wall Street’s favorite fear index, will step down in May. Brodsky, 68, will be succeeded by President and Chief Operating Officer Edward Tilly, 49, CBOE said. Brodsky will assume the role of executive chairman.
The bank appointed Matthew Ordway as vice-president and wealth management adviser in its Private Client Reserve in Chicago. Before joining the Private Client Reserve, he was with PNC Bank Wealth Management, serving as vice-president/relationship manager.
The audit, tax and advisory firm appointed Harry Moseley as chief information officer from Dec. 17. He will succeed Richard Anderson. Moseley joins from Blackstone Group where he was the chief information officer.
The investment manager said that chief executive Crispin Henderson will become vice chairman of global asset management for Ameriprise Financial, the parent company of Threadneedle. Henderson joined Threadneedle as chief operating officer in 2002. Campbell Fleming was appointed as Threadneedle’s CEO. Prior to joining Threadneedle in 2009, Fleming was managing director of JP Morgan Asset Management’s UK business.