MT's week in 60 seconds

This week's highlights: leaders lambasted, builders battered and the things we'd do for a bar of chocolate...

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Last Updated: 06 Nov 2012

With gloomy headlines on the housing market ramping up the pressure on the Government this week, Gordon Brown took the sensible option – he disappeared across the Atlantic to the US to meet the Presidential hopefuls and encourage Wall Street to start playing nicely. Sadly, this show of statesmanship was rather spoiled by the fact that everyone in the US seemed more interested in shaking hands with the Pope than a dour Scottish bloke with a popularity problem.

Other high-profile leaders have been in the wars this week too: amid claims that CEOs are getting paid too much, Daniel Bouton lost the chief executive job at SocGen, while RBS boss Sir Fred Goodwin could follow suit if the reported rights issue comes to pass. But it could be worse – at least they have a roof over their heads. Tesco chief Sir Terry Leahy might not even have that, if a Scouse grandmother succeeds in her plan to have his house demolished. That’s what happens when you try and force a Liverpool fan out of her house to build a new Everton stadium…

On the other hand, Sir Terry at least had the consolation of reporting bumper results for Tesco this week, as did Google boss Eric Schmidt and new eBay CEO John Donahoe. Turns out that the demise of all three of these modern-day superpowers has been greatly exaggerated. Sadly, the same couldn’t be said of Brian Ashton, the England rugby coach who was finally given the boot from the top job this week to accommodate Martin Johnson – a move that’s been widely anticipated for weeks. Should be good for a few quid in a tribunal…

Speaking of lucrative court cases, the OFT could be about to get a lot richer after revealing that it’s charged 112 building firms with colluding to force up bid prices – potential fines are up to 10% of turnover. The knives are also out for Aer Lingus after the Irish airline accidentally sold some business class seats for Eu5 – and then promptly reneged on the deal.

Just goes to show that if something looks too good to be true, it probably isn’t. As the 42% of women who were willing to give up their computer passwords to a complete stranger in exchange for a bar of chocolate soon discovered...

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