Photo of a wedge of euro banknotesHair
shirts

Hair shirts all round at the
Leaseurope convention in Hamburg, where a curious one-upsmanship
(or is that one-downsmanship?) took hold among the leaders of some
of Europe’s top lessors.

De Lage Landen CEO Ronald
Slaats started it, explaining how costs at his company had been cut
through a process which included Slaats taking a lower salary than
his predecessor.

Not to be outdone, Jean-Marc
Mignerey of SG Equipment Finance quickly pointed out that his own
salary had been voluntarily reduced before the banking
crisis.

“I have kept my salary low
for four years, not only the last year,” he said.

Could it have been the first
recorded example of bankers boasting about how little they are
paid?

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

 

Not
likely

Leasing has received the
official seal of approval from the formidable Accademia della
Crusca, the body in charge of protecting the Italian
language.

The use of the English word
“leasing” by Italian lessors has been hotly debated by the
organisation, which in the end conferred acceptability on the
un-translated term.

“A term such as leasing is
left in English, even though it would be possible to translate it
into locazione finanziaria,” says the academic in charge of the
project, Professor Federico Bambi.

Prof Bambi could have
insisted on the Italian for finance lease, locazione
finanziaria
, or its close cousin, locazione
operative
. But would anyone have listened? Molto
improbabile
.

 

Lost
dignity

News of a new IBM Global
Financing programme has unearthed some schoolyard bickering among
IBM rivals.

The IT giant set up the
programme in an unabashed attempt to poach customers from HP and
Oracle-Sun, saying IGF would offer certainty where its competitors
could not.

Why the uncertainty? Turns
out HP and Oracle have been squabbling ever since one time HP big
cheese Mark Hurd left the company.

Hurd, who stepped down from
his role at HP earlier this year amid allegations of sexual
harassment and expense fiddling, promptly picked up a job at
Oracle.

Cue a lawsuit from HP (since
settled) over fears Hurd would spill trade secrets to his new
employers.

Oracle CEO Larry Ellison has
since accused Hurd’s replacement, Leo Apotheker, of doing a “bad
job” in his previous role at business software manufacturer SAP,
and even called for the entire HP board to resign.

A HP spokeswoman retorted
that Ellison did not “deserve the dignity of a
response”.

Ouch.