P1 STUDENT PASSES EXAM
THE P1 TIMES www.lsbf.org.uk THE ACCA’S FAVOURITE NEWSPAPER (probably)
- Since 2007
P1 STUDENT PASSES EXAM !!
By PAUL MERISON
Blank quits Lloyds
By PAUL MERISON
Sir Victor Blank has retired from Lloyds Banking Group.Blank was Chairman of Lloyds, but “went before he was sacked”, according to Lloyds insiders. Blank had been heavily criticised for being the main person behind the takeover of HBOS, which had far worse losses than Lloyds predicted. He is now being held accountable for this decision. Win Bischoff has now taken over as Chairman. No doubt the Nominations Committee began their succession planning process some time ago, as they must have known Mr. Blank was likely to go.
P1 student Fred Goodwin has passed his exam! When asked what advice he had for other students, Mr Goodwin said that students should “read The P1 Times” as it helped to see things on the course in the real world. “Some of the theories looked ok in the Notes, but when I attempted questions it was
hard to apply them. Seeing news articles that mentioned the P1 syllabus areas made doing the questions and understanding the theories so much easier”, Mr Goodwin explained. He found the Royal Bank of Scotland articles of most interest, apparently…….
1
Date today 14/06/10
NEWS Not A-Grade
Michael Grade, who joined ITV in 2007 as Executive Chairman, decided to give up the CEO role and remain as Chairman only. However, ITV’s succession planning failed to attract the right person, so they changed plans and found a new Chairman first, and then a new CEO. This follows a disastrous 2008 when ITV lost £2.7bn. ITV’s Annual Report explained the noncompliance, stating the need for firm leadership at a time when the tv industry was in crisis, with advertising revenues falling, and greater competition from other companies and the Internet. But such breaches of best practice are hard to justify after such bad performance, and activist investors had demanded change.
Not so
- Since 2007
P1 STUDENT PASSES EXAM !!
By PAUL MERISON
Blank quits Lloyds
By PAUL MERISON
Sir Victor Blank has retired from Lloyds Banking Group.Blank was Chairman of Lloyds, but “went before he was sacked”, according to Lloyds insiders. Blank had been heavily criticised for being the main person behind the takeover of HBOS, which had far worse losses than Lloyds predicted. He is now being held accountable for this decision. Win Bischoff has now taken over as Chairman. No doubt the Nominations Committee began their succession planning process some time ago, as they must have known Mr. Blank was likely to go.
P1 student Fred Goodwin has passed his exam! When asked what advice he had for other students, Mr Goodwin said that students should “read The P1 Times” as it helped to see things on the course in the real world. “Some of the theories looked ok in the Notes, but when I attempted questions it was
hard to apply them. Seeing news articles that mentioned the P1 syllabus areas made doing the questions and understanding the theories so much easier”, Mr Goodwin explained. He found the Royal Bank of Scotland articles of most interest, apparently…….
1
Date today 14/06/10
NEWS Not A-Grade
Michael Grade, who joined ITV in 2007 as Executive Chairman, decided to give up the CEO role and remain as Chairman only. However, ITV’s succession planning failed to attract the right person, so they changed plans and found a new Chairman first, and then a new CEO. This follows a disastrous 2008 when ITV lost £2.7bn. ITV’s Annual Report explained the noncompliance, stating the need for firm leadership at a time when the tv industry was in crisis, with advertising revenues falling, and greater competition from other companies and the Internet. But such breaches of best practice are hard to justify after such bad performance, and activist investors had demanded change.
Not so