UK
Late lunchtime Links: How to fire people, by Vladimir Putin
27 May 2009
Fresh from displaying his judo prowess and exposing his pectorals, Vladimir Putin is now trying his hand at journalism. The Independent reports that his debut column is on the thorny issue of how to fire people, something likely to be close to any investment banking line manager's heart.
The Independent describes Putin's advice as 'surprisingly humane.' "Sometimes from outside it seems like someone should simply be swept aside with a broom," he says. "But I can assure you that it's not always like this. You should never bad-mouth someone behind their back, and it's impermissible to fire somebody and toss them aside just because somebody has told you something bad about them."
While banking line managers usually employ HR people to the deed, Putin says he always fires people personally: "I usually call the person into my office, look them in the eye, and say: 'There are concrete complaints. If you think this isn't true, then please, you can fight against it; argue your case'."
Grubel says UBS must pay in line with the market. (Wall Street Journal)
RBS Global Banking and Markets hires someone. (BusinessWire)
Barclays hires another MD in equity flow sales. (Financial News)
Nomura downgraded on Lehman integration fears. (Financial News)
EU proposes financial agencies to oversee banks. (Bloomberg)
Banks lobby to game the PPIP. (Calculated Risk)
Rifts in the Lehman recovery process. (Telegraph)
How to get into investment banking from an unknown state school with no finance background. (MergersandInquisitions)
From banker to yogi by way of skinny boyfriend. (SocialWorkout)
