Friday, 11 December 2009
Chat blow for Rothschild
Qadbak - which supposedly funded Notts through Munto and once claimed to be buying the BMW Sauber Formula One team - has had to put up with nosey journalists questioning its financing for months. But at least it had the unquestioning support of Rothschild banker, Meyrick Cox, who acted as an adviser to BMW and was so confident in the group that he even chatted with journalists on the subject.
"So Meyrick," my email to the shrewd banker begins. "The Qadbak deal to buy the BMW Sauber team has collapsed. And now the Notts County takeover is unravelling. Many people saw it all coming. But not you! So, I wonder, do you still stick by your comments that Qadbak is a 'wholly reputable organisation'."
So far, no answer from Meyrick. Busy, I expect.
Tuesday, 2 June 2009
Here's real recycling for you...
"Stuart Rose, the chief executive of Marks & Spencer, who is spearheading a £200m plan to reinvent M&S as one of the UK's greenest companies, has been driving gas-guzzling Bentleys on his days away from the office. Mr Rose told journalists he was ordering an environmentally friendly hydrogen-powered BMW for his own use when he introduced the green initiative this year. But, the Guardian has learned, he has owned two Bentleys for the past year." Guardian/Observer, April 9, 2007.
"Before I leave, Rose tells me he needs to make 'an honest confession'. He looks slightly uncomfortable and starts shuffling papers on the table in front of him. 'I haven't told you a lie,' he begins, hesitantly. 'I have sold my Bentley, but I bought another one. But I only drive it on Saturdays and Sundays and it doesn't do more than about 8,000 miles a year, but it is my little indulgence. I wouldn't want you to think that I'd misled you'." Guardian/Observer,May 31, 2009.
