Well, I've been playing the due diligence game since Sultan Hisamuddin Alam Shah, Sultan of Selangor, died after a reign of 55 years, and I've heard a few things in my time. But today, in a meeting with a gang of private equiteers (or equity privateers?), I heard the phrase 'detuned model' no less than four times, without ever previously having heard it in my life. Makes one think of an old piano or somesuch. See if you can get in into your next 'Summary of key findings' - spread the word.Speaking of private equity, the not-too-subtle class warriors of the no-experience-of-work-outside-government Left have got their teeth into the PE industry at present, to such an extent that the fellow who runs the BVCA is heading for a bit of his own downsizing medicine. I'm not quite clear what 'enjoying tax advantages' actually means. Is it better for a UK-based PE guy to pay 10% of his UK earnings to Gordon Brown, or bugger-all because he's moved to Liechtenstein. At the risk of sounding like a Thatcherite, I don't see the problem with the UK government not cynically pissing about with the law to target bright, profit making people, who'll be on the first Learjet out of the UK in any event on the day the law's enacted.
Had the dubious honour of turning down an interview candidate for a job today. Funny how a mouse-click made in a nanosecond determines the course of another's destiny. In the final analysis, we're all lines in an HR spreadsheet. God knows, I've seen enough.
An amazing site today - one of Ken's 18m long buses which had jumped a red light on a roundabout had managed simultaneously to stop all traffic on each of three main roads in Central London for what seemed like 10 minutes. It's like building a dam across a river. In fact, if I wanted to bring London to its knees, I would only need six or so devoted followers to hijack a bendy bus each and park it across a main approach road to zone 1 to completely paralyse the capital.
Enough for now. Time to get on with the FY07 outturn analysis.
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