The business: companies will stop giving failed executives big pay-offs only when a shareholder sues the non-executive directors who are ultimately responsible
Students of boardroom fat-cattery--a subject surely worthy of an entire university department--can see two strangely contradictory trends developing.

Let's applaud the new head of Abbey National for telling the truth about house prices: they are set to slump. Then ministers will start passing the buck
Around of applause, please, for Luqman Arnold, the new chief executive of Abbey National. He took just 36 hours after his appointment at the weekend ...

The Lowdown; Likeable Luqman puts the personal back into finance
Luqman Arnold is a chatty fellow, and it is surprisingly easy to swap banking horror stories with him. Five months ago, before he took the helm at Abbey National, the bank's chief executive had a