AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 02 JUL 2018 Previous ArticleZTE reveals revamped boardNext ArticleVodafone, Idea feel heat of merger hold up Proxy advisory company Institutional Shareholder Services (ISS) called on BT shareholders to slash the level of bonus paid to its CEO, after describing the £1.3 million earned by outgoing boss Gavin Patterson (pictured, right) in the year to end-March as too high.In a report, ISS stated: “The discussion focuses on the justification…of substantial bonuses in a year where corporate performance (and share price) disappointed the market (which culminated in the departure of the CEO). While some discretion was used to reduce the amount, the CEO’s bonus of 130 per cent of salary, just shy of £1.3 million, is considered too large, in our view, for the level of performance. For this reason, a vote against the remuneration report is warranted”.Last month Patterson appeared to play down reports he was pushed out of the company due to waning shareholder satisfaction, arguing he is leaving the operator poised for growth and is stepping aside because “now is the right time to pass on the baton“.A strategy outlined in May will see BT cut 13,000 jobs, sell its global headquarters in central London and close a number of other offices in a bid to reduce annual costs by £1.5 billion. The company also plans to revamp its consumer and enterprise divisions.On this, ISS said: “While cost-cutting measures are the remit of management, the payment of high bonuses against this backdrop is also noteworthy”. Home BT under fire over CEO bonus BT preps renewed 5G push, pandemic hits earnings Author BT mulls options for sports TV service Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more Related Saleha Riaz Tags BT consumer boss opens net neutrality debate BTGavin Patterson
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On July 3, 1969, founding Rolling Stones multi-instrumentalist Brian Jones was found dead at the bottom of his swimming pool after a midnight swim. The coroner’s report labeled his passing a “death by misadventure” and noted that his liver and heart were greatly enlarged by heavy drug and alcohol abuse. He was 27 years old.Exactly two years later, on July 3, 1971, singer, songwriter, poet, and leader of The Doors, Jim Morrison, was found dead in a bathtub in Paris, France. While it was never medically confirmed, it is believed that he died of a heart attack brought on by an accidental heroin overdose. He was 27 years old.Related: Remembering The Tortured Genius Of Jim Morrison On The Anniversary Of The Doors’ Disastrous Final Show [Videos]Jones and Morrison are part of a group of musicians referred to collectively as the “Forever 27 Club.” The name refers to the statistically improbable fact that several legendary musicians have met an untimely demise at the age of 27, usually due to suicide or drug abuse. The club also includes iconic artists like Jimi Hendrix, Janis Joplin, Kurt Cobain, Ron “Pigpen” McKernan, and Amy Winehouse.The Forever 27 Club has been well-documented in books and music publications and is a favorite topic for music conspiracy theorists. A large amount of research has been conducted to try to determine a reason for the eerie phenomenon. The Club has been the topic of exhibitions, films, novels, and stage plays, but no real connections between the deaths have been discerned other than the fact that they represent an ominous coincidence. According to Cobain and Hendrix biographer Charles R. Cross, “The number of musicians who died at 27 is truly remarkable by any standard. [Although] humans die regularly at all ages, there is a statistical spike for musicians who die at the age of 27.”To all the talented young musicians out there, make sure to take extra care in your 28th year—while being mentioned in the same breath as these icons may seem like an attractive prospect, this is one club that you don’t want to join.[Originally published 7/3/16]
Paterson Joseph(Photo provided by Jo Allan PR) Stage veteran Paterson Joseph has been cast as the evil Ebenezer Scrooge in the Young Vic’s upcoming remount of A Christmas Carol. The smash-hit London production, adapted by Jack Thorne and directed by Matthew Warchus, will run from November 23, 2019 through January 18, 2020.Joseph’s stage résumé includes numerous productions with the National Theatre and Royal Shakespeare Company. He has been touring his play Sancho—Act of Remembrance since 2016. His screen work includes cinema turns in The Beach and In the Name of the Father and television appearances in Peep Show and Babylon.Joining Joseph in the cast will be Myra McFadyen as the Ghost of Christmas Past, Gloria Onitiri as the Ghost of Christmas Present/Mrs. Fezziwig, Melissa Allan as Little Fan, Kwêsi Edman as Young Ebenezer/George, Hollie Edwin as Jess, Fred Haig as Fred, Nick Hart as Nicolas, Andrew Langtree as Father/Marley, Steven Miller as Bob Cratchit, Maria Omakinwa as Mrs. Cratchit, James Staddon as Fezziwig, Samuel Townsend as Ferdy and Rebecca Trehearn as Belle.The role of Tiny Tim will be shared by Rayhaan Kufuor-Gray, Lara Mehmet, Lenny Rush and Eleanor Stollery.As previously announced, The Old Vic’s A Christmas Carol will make its Broadway premiere this winter. View Comments
Riding season is here, which means it’s time to stop thinking about getting a new bike and just do it! Starting now, Raleigh Bicycles in North America is issuing a US$50 prepaid rebate card to all consumers who purchase a select Raleigh alloy bike now through to 31 May 2013.Raleigh has also extended their carbon bike rebate programme that was announced in February. The programme, which was scheduled to run through March, will now run through the end of May.“By helping make it easier to purchase a new bike, Raleigh hopes to encourage more cyclists to get on the saddle this season,” said Matt Millen, Marketing and Communications Manager at Raleigh Bicycles. “Ultimately, our goal is to grow the sport and say ‘thank you’ to our loyal customers and dealers.”Eligible aluminum bikes in the US$50 rebate program include: bikes in the performance Revenio and Capri endurance road series, fitness bikes in the Cadent and Alysa series, the RX bikes in the cyclocross series, the hardtail 29er mountain bikes in the Talus 29 and Eva 29 series, and the versatile Misceo and Mesika series of urban/trail bikes.Eligible carbon bikes in the US$100 rebate program include: three road race-ready steeds in the Militis series, bikes in the high-performance Revenio and Capri Carbon endurance race series, the singletrack, all-terrain rocket Talus 29 Carbon, and the professional cyclocross-proven RXC Pro and Pro Disc.“This is the perfect time to save on our aluminum and carbon bikes and maximize your fun on the trails and around town this year,” said Millen.www.raleigh.co.uk Related
International property and construction consultancy firm, Rider Levett Bucknall (RLB), has released its latest Quarterly Cost Report (QCR) for North America. With data current to January 1, 2019 and featuring construction cost information on 14 markets, it provides a statistical view of the state of the construction industry.Upon publication of the QCR, Julian Anderson, FRICS, FAACE, President of RLB North America, said, “According to our report, there are many markets currently at or near the top of the construction-activity cycle. Denver, Portland, Phoenix, Toronto, and Seattle are peaking, with Los Angeles, New York, Boston, San Francisco, and Las Vegas at the threshold of that zone.” Sector survey: The report also takes a look at indicative construction costs for 15 building typologies in each market, citing the high/low hard costs per square foot in eight major sectors. This data can form the basis of compelling comparisons of cost across regions and/or sectors. Sectors surveyed include housing (multi-family and single-family), retail (strip and central configurations), office (prime and secondary), hospitality (three- and five-star hotels), hospitals, warehousing, parking (ground level and basement facilities), and the full range of education projects, from kindergarten through college.Market highlights• RLB reports that from January 1, 2018 to December 31, 2018, U.S. national average increase in construction costs was approximately 5.73%• Chicago (7.61%), Portland (7.13%), San Francisco (6.73%), Phoenix (6.70%), Washington DC (6.51%), and Seattle (6.48%) are the markets that showed the greatest annual cost escalations• Las Vegas (5.41%), Honolulu (4.86%), New York (4.54%), Boston (4.42%), Los Angeles (4.40%), and Denver (4.02%) experienced below-average annual cost increases• In Canada, construction costs significantly increased year over year. Construction costs in Calgary increased 7.29% and Toronto’s increase was 9.47% Key fiscal barometers• The U.S. Gross Domestic Product closed out 2018 at 2.6%, down from the mid-year peak of 4.2%• At 50.4, the Architectural Billings Index remains in positive territory while indicating a slight decline in growth for architectural firms• Following the cyclical trend of higher unemployment rates in the construction industry during the winter season, construction unemployment stands at 5.1% Read the complete QCR report here.
VAN BUREN TOWNSHIP, Mich. — Visteon Corp. has announced that Kevin Dowd and Harry Wilson were elected to the company’s board of directors, effective July 28.AdvertisementClick Here to Read MoreAdvertisement Dowd is the chairman and managing member of Berkeley Square Advisors LLC, an advisory consulting firm. He has served as CEO and chief restructuring officer of more than 30 companies during his career. Wilson is chairman and CEO of MAEVA Advisors LLC, a turnaround and restructuring advisory firm based in Scarsdale, N.Y. He previously served as a senior advisor to the President’s Automotive Task Force and was a partner at Silver Point Capital. “We are pleased to welcome these two highly accomplished and insightful business leaders to Visteon’s board,” said Donald Stebbins, Visteon’s chairman, CEO and president. “Both Kevin and Harry bring strong, broad business experience that will enhance our board composition.” Dowd has held more than 20 board of director positions and currently serves as the board chairman of SIRVA Inc. and JHT Holdings Inc.; lead director of Broadstripe LLC; and the sole director of Nexpak Holdings LLC. Wilson has served on a number of corporate boards in the past and currently serves on the boards of YRC Worldwide Inc. and Youth I.N.C.
Bow Wow Meow BallThe Animal Rescue Fund of the Hamptons will host its annual Bow Wow Meow Ball on Saturday, August 18, at the ARF adoption center in East Hampton. This year, the event introduces arfITECTURE, unique cat and dog houses created by top architects and builders that will be auctioned at the event.This year’s ball will honor event designer David Monn with the Champion of Animals Award. The festivities begin with cocktails at 6:30 PM, followed by dinner and dancing. Tickets start at $750. For more information, visit arfhamptons.org.A Mind Is . . .The United Negro College Fund will host its seventh annual “A Mind Is . . .” Hamptons Summer Benefit weekend on Saturday, August 18, and Sunday, August 19. The weekend will start on Saturday with a reception and program at a private residence in East Hampton. There will be a VIP reception at 5 PM, followed by dinner at 6 PM.On Sunday, there will be a brunch at Bay Kitchen Bar in East Hampton starting at 11 AM.UNCF is the nation’s largest and most effective minority education organization. Funds raised at the Hamptons event will be used for student scholarships on the East End. For tickets to either event, visit uncf.org.Artist & WritersThe annual Artist & Writers celebrity softball game will be held in East Hampton’s Herrick Park on Saturday, August 18. The game starts at 4 PM.Prior to the game, there is a future artist and writers kid’s clinic at 10:30 AM, a home run challenge at 1 PM, and batting practice from 2 to 3 PM. There is a suggested $10 donation.Funds raised will support local charities like The Eleanor Whitmore Early Childhood Center, Phoenix House Academy, The Retreat, and East End Hospice.Ellen’s RunThe 23rd annual Ellen’s Run 5K to benefit the Ellen Hermanson Breast Centers and Ellen’s Well will be held on Sunday, August 19, in Southampton starting at Stony Brook Southampton Hospital. The 5K starts at 9 AM and will wrap up at noon.The Ellen Hermanson Foundation ensures that no breast cancer patient is turned away from the Ellen Hermanson Breast Center for lack of insurance or inability to pay for treatment. All services through Ellen’s Well are provided free of charge. For more information or to register, visit ellenhermanson.org.CTREE at SebonackHorses Changing Lives, the annual CTREE at Sebonack fundraiser, will be held on Thursday, August 23, at Sebonack Golf Course in Southampton. CTREE, the Center For Therapeutic Riding of the East End, provides therapeutic riding lessons and equine assisted activities to children, young adults, and veterans with disabilities.The event will be held from 6 to 9 PM. Event chairs are Tami Maines and Diana Shiel. Enjoy cocktails, silent and live auction, and Brazilian bossa nova by Ludmilla Brazil. For tickets and more info, visit ctreeny.org.Box Art AuctionThe annual Box Art Auction benefiting East End Hospice will be held on Saturday, August 25, at St. Luke’s Church Hoie Hall in East Hampton. Eighty-five artists take a small, unadorned box and create a unique work of art that is put up for auction. The silent auction will begin at 4:30 PM and the live auction at 5:45 PM. Wine and hors d’oeuvres are included in the $75 ticket price.Leading up to the benefit the boxes can be previewed at Hoie Hall on Wednesday, August 22 and Thursday, August 23, from 10 AM to 4 PM. On Wednesday, August 22, the public is invited to a meet the artists reception. For tickets and more, info visit eeh.org. Share
ANGEL TRAINS: Royal Bank of Scotland’s long-anticipated sale of rolling stock leasing company Angel Trains to a consortium led by Babcock & Brown was announced on June 13.Definitive agreements with an enterprise value of £3·6bn of have been signed, and subject to regulatory approval the transaction is expected to be completed by the end of 2008. Angel Trains is being acquired by a consortium of investors including the €2·2bn Babcock & Brown European Infrastructure Fund, Australian investment manager AMP Capital Investors, Deutsche Bank and pension funds advised by Access Capital Advisers. On completion of the deal, Australia-based Babcock & Brown will have global interests in rail assets worth more than A$9bn, including around 26 000 vehicles. Thus includes European leasing company CB Rail, a joint venture between Babcock & Brown and HBOS of the UK. Angel Trains currently provides UK operators with around 4 100 passenger vehicles and 280 locomotives, and is a partner in the Express Rail Alliance bidding to supply the IEP next generation of inter-city trains. Angel Trains Cargo and Angel Trains Europa provide 240 locomotives and 180 multiple-units to operators in 11 other European countries, and the first wagon leasing contract was announced in February. Head of AMP Capital’s European infrastructure activities, Rob Gregor said the consortium is a long term investor, and it will be ‘business at usual’ Angel Trains. ‘We have agreed this acquisition at a time of continued growth of the rail freight and passenger markets in the UK and Europe, and we believe that the liberalisation of the European market and government investment in the UK mean that this is an exciting time to be investing in the UK and European rail sectors.’
Mike Lineberry was the hard charger in his first trip this season to Boone Speedway.He’d like to qualify for the Modified main event at the IMCA Speedway Motors Super Nationals fueled by Casey’s in his second.From Fremont, Neb., Lineberry isn’t sure how many times he’s raced at Super Nationals … it’s somewhere between eight and 10 … and like all drivers, taking the green in the Saturday show would be a career highlight.“Super Nationals is a good time. You get to see a lot of people you haven’t seen for a while,” he said. “I’ve never made the show. I’d like to do it once.”A pavement specialist – Lineberry runs a concrete plant – followed the Arizona Modified Tour early in 2018. He ran Saturdays at Eagle Raceway and was the $100 hard charger winner when he came to Boone Speedway to get some laps in a couple weeks ago.
By Kara IrvingWEEDS almost one metre high are causing concern for commuters at Beaconsfield train station. Located next to the…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.