Lunchtime Links: Who earns more than 1m, has nine children, gets up at 5am and gets home by 6.30pm?
Lest we forget, let us remind ourselves of the feminist fertility symbol that is Helena Morrissey, chief executive of Newton Investment Management.
Morrissey crops up intermittently in the press on the grounds that she is a senior and successful woman of immense fecundity. She was in the Sunday Times yesterday claiming that women need a househusband if they want to, 'rise to the top.' She also divulged that she works 55-60 hours a week, gets up at 5am to 'organise children's uniforms and breakfast,' and 'tries' to get home by 6.30pm.
The precise dimensions of Morrissey's compensation package are unknown, but it is thought to be large. Morrissey's own husband is a journalist turned Buddhist priest.
Why working as an intraday trader is mind-numbing, boring and routine. (SMB Training)
By the end of this year, Lloyds will have cut 45,000 employees (vs 2008). (BBC)
Axel Weber needs to hire someone to replace Oswald Grubel, who came out of retirement and is complaining about his health. (Breaking Views)
Axel Weber says his key task at UBS is pushing ahead with a generational change in management. (Reuters)
Big upset at Deutsche over Axel Weber's escape. (Financial Times)
Weber is being paid CHF5m to join UBS. (Tagesanzeiger)
Nomura has an internal hedge fund with an 8 person prop team that it wants to spin off. (Financial News)
The Treasury has admitted that the Independent Commission on banking team was thinly resourced and that no one really knows why they came up with the ring fencing idea. (Telegraph)
Senior Liberal Democrats are demanding drastic action to break up UK banks into separate retail and investment divisions. (Guardian)
"The problem with being short the European banks is that politicians will do everything they can to save them. You're fighting against people who can change the rules of the game in the middle of the game." (NYTimes)
The evolutionary advantages of over-confidence. (NYTimes)
If you want to make a client happy, ask him or her about the weather. (NYTimes)
