Ackermann not banking on pay rise any time soon

Published: 6:30AM GMT twenty-three February 2010

An engaging take on senior manager pay. Josef Ackermann, trainer of the Deutsche Bank has been rebellious the age old evidence about bankers" bonuses and performance. Speaking to Bloomberg, Mr Ackermann pronounced that there was a association in between the two, but it was negative. Not so most "if you compensate peanuts you get monkeys", but if you compensate an horrible lot of peanuts you get ever bigger monkeys.

In creation his arguments he forked to the likes of Merrill Lynch and Lehman Brothers (big payers, big problems). I"m certain he"s got a point, but I couldn"t conflict have a discerning see at his Deutsche"s ultimate annual report. Dr Ackermann"s sum compensate in 2008 was €1.4m, down from €14m the year before.

Word on the travel Bank bail-out: The winners and losers Fixed-rate mortgages: big increases from Halifax and C&G Pound falls as CBI warns borrowing will have to climb by an additional �100bn Postal workman strikes set to happen at the same time with Labour Party discussion

Has he usually done it really formidable to put his compensate behind up?

Plumbing new inlet for names

A military thesis to the ultimate book of pretentious monikers. I am told of competing firms of plumbers in North Somerset called the Long Ashton Plumbing Department and the Nigel Yeates Plumbing Department both some-more ordinarily well known by their initials. Nothing from Ruislip today, but as ever we have a hairdresser, this time outward New Scotland Yard, Clipper of the Yard, and to finish on, my prime of the stream crop, a tree surgeon called Arbormaster.

Tourist workers left a small short

British Tourism Week is fast approaching, no disbelief along with shirtsleeve continue and a bang in the sale of buckets and spades. As piece of the event Visit Britain has put out the statistic that it takes �50,000 of abroad caller spending to emanate one pursuit in the UK.

Now, according to the website mysalary.co.uk the normal income for people that work in camp and tourism is �22,000.

Mind the gap, and all that.

Gordon"s peaceful Iraq inquiry

I see Gordon Brown motionless yesterday would be a great day to make known the date for his coming in front of the Iraq War Inquiry - right away Mar 5.

I suspect the proclamation competence have taken people"s mind off alternative Brown headlines over the last integrate of days. And since those headlines, at slightest we can pretence Gordo right away knows who to phone if they brag him.

Unite learns to live with BA delays

Passengers competence not be, but Unite was drifting high again yesterday.

After the annoyance of saying plans for a Yuletide set upon by British Airways cabin organisation grounded by the high court, the kinship carried yesterday"s BA opinion for walkout.

The usually warn was that the kinship pronounced it would not be job a set upon during over Easter - "we don"t wish to interrupt passengers" holidays".

Which translates as: "We"ve learnt the doctrine from the last debacle."

This brawl has been rumbling on for so prolonged it"s tough to recollect what it"s all about and either there is most separating the dual sides (answer, operative conditions and not a lot).

Just to infer the point, Unite ran in to a mark of difficulty with the proclamation of the formula yesterday the outpost carrying the list boxes pennyless down. Cue a 3 hour check - that is at slightest something both sides knew how to understanding with.

jonathan.russell@telegraph.co.uk