Brits

Let’s ask a Lloyds Banking Group employee. Read more »

Odey has upped the ante for poultry accommodation – he’s building a temple for his chickens for which the stone alone costs £130,000…The temple’s roof – adorned with an Anthemia statuette – will be fashioned in grey zinc; the pediments, cornice, architrave and frieze are in English oak; and the columns, pilasters and rusticated stone plinth are being hewn from finest grey Forest of Dean sandstone. Naturally, the doors will be painted in the Odey Asset Management founder’s favourite Hague Blue – “to match the doors around Eastbach Court”, according to the plans…“The temple will be a lovely place when it is finished at the end of the year,” Odey said from a grouse moor. “The chickens will be grand.”Telegraph, September 25, 2012

Early on in hedge fund manager Crispin Odey’s relationship with his chickens, he made them a promise, about the things he’d do to make them happy. “I’ll move heaven and earth,” he told them. “You’ll be the envy of all the other chickens in the UK. Anything you want, anything you desire, will be yours.” And while a lot of people make similar pledges at the beginning of romances, when things are all heady and you can’t bear to be apart for any period of time, Odey kept his word. By 2012, his chickens were leading the kind of life most fowl wouldn’t dare dream of. Still, there was one thing Odey hadn’t given them, one thing he hadn’t gone the extra mile for. The chickens kept their feelings to themselves for as long as possible and then one night, while they were all watching a documentary about the Taj Mahal, they couldn’t keep their feelings inside any longer. Read more »

According to a poll by the Financial Times, over half of your colleagues have been looking for a polite way to say you dress like a slob. Read more »

Carl Linderum was getting ready for work one morning at his London home when he heard a pounding on his door. He figured the group of men outside were employees of his gas provider, there to badger him over a disputed bill. In fact, they were plainclothes police officers and agents from the U.K.’s financial regulator. They had come to arrest the 36-year-old trader, who ran a small hedge fund, for suspected insider trading. The arrests last February of Mr. Linderum and a colleague led to the collapse of their roughly $100 million hedge fund, Lodestone Investment Partners LLP. Seven people lost their jobs. Nearly 10 months later, the Financial Conduct Authority dropped the investigation of the two Lodestone executives and a third trader from another hedge fund who was arrested at the same time…Margaret Cole, a top agency enforcement official from 2005 to 2012, says high-profile raids and arrests are a key component of the strategy—even if they don’t yield convictions. “A large part of the deterrent effect comes from the regulator doing this, and you don’t know when they might pop up and do it again,” she says. [WSJ via Matt]

Too much talk of your “lunch date with a vat of guac” will come back to haunt you. Read more »

Paul Flowers, the former Co-operative bank chairman, has been suspended by the Labour Party as he faces a police investigation over his alleged purchase of class A drugs. Mr Flowers, 63, has already been suspended from his position as a Methodist minister after he was caught on camera discussing the purchase of crystal meth, cocaine and ketamine. Reverend Paul Flowers is said to have bought the illegal substances just days after he gave evidence to the Treasury Select Committee on how the bank lost £700 million and came close to collapse whilst he was at the helm. A Labour councillor in Bradford for ten years he has been suspended for “bringing the party into disrepute.” Mr Flowers has apologised to “all I have hurt or failed by my actions” and has said he is currently seeking professional help. [Telegraph]

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