There鈥檚 a bit of confusion over Al Pacino, the large crowd expected at Persimmon鈥檚 AGM could leave directors struggling for explanation, an MP practises straight talking and Nato is tactful about the cost of its new HQ

Hansom new 2008

Another side to Quinn?

My hack tells me that Balfour Beatty chief Leo Quinn is a fan of the Al Pacino film Any Given Sunday, which came out in 1999. Directed by Oliver Stone, it tells the story of an American football team struggling to make the end-of-season playoffs and includes a speech by Pacino鈥檚 character, Tony D鈥橝mato 鈥 a rabble-rousing oration designed to get the struggling football team over the line. My writer says Quinn momentarily forgot the film鈥檚 name but knew it starred Pacino. All my man could think of, he later told me, was gangster movie Scarface and the memorable 鈥淪ay hello to my little friend!鈥 Pacino鈥檚 character Tony Montana utters before blowing his rivals away. Thinking about it, perhaps that鈥檚 what Quinn would like to do to the Aberdeen road the firm is helping to build, which it recently said had cost it 拢44m following JV partner Carillion鈥檚 collapse in January. 

From chilly to chillin鈥

While the country hopefully puts to bed its memories of the Beasts from the East, pity those having to put up with the sort of frigid weather that gripped the UK on a regular basis. Aukett Swanke鈥檚 international boss Bob Fry tells me he was at the architect鈥檚 Moscow office for a week last month and the temperature didn鈥檛 rise above -11掳C, plummeting to -22掳C on the day he left. No wonder he鈥檚 off to the Bahamas for a two-week holiday next month. He needs to thaw out.

Hotly anticipated

I wonder what the atmosphere will be like at Persimmon鈥檚 AGM at York Racecourse next month? I ask because the housebuilder鈥檚 2017 annual report shows that it paid three executives last year a combined 拢104m. Topping the list was chief executive Jeff Fairburn with a package worth 拢47m 鈥 mostly made up of an eye-watering 拢45m bonus. Politicians, shareholders and rival firms all had something to say about the firm鈥檚 bonus scheme, which would have seen Fairburn handed more than 拢100m if it hadn鈥檛 been cut last month. But it might not be enough to save the execs from a tricky few hours, reckoned Cenkos analyst Kevin Cammack. 鈥淭he AGM might prove more popular than the Ebor [a four-day York racing festival in August],鈥 he quipped. 鈥淭he grey suits will be making their way up from London to deliver their own crack of the whip.鈥 

Changing places

Labour MP Frank Field may have missed his calling. In an exchange with business secretary Greg Clark during the latest sitting of the Carillion inquiry he co-chairs, Field offered his services to act as Clark鈥檚 press secretary. He said if it fell to him to craft a statement from what Clark had told the inquiry last week, it would read: 鈥淪ecretary of state lambasts regulators 鈥 they鈥檝e failed the country and you are going to give them a kick up their rear parts.鈥 I hope Field makes the switch. It would definitely make reading government press releases more interesting.

Gazing into a black hole

It鈥檚 10 weeks on and plenty of people are still scratching their heads about where it went wrong for Carillion but business under secretary Andrew Griffiths thinks he knows. Speaking in the House of Commons last week, Griffiths described Carillion as a 鈥渉ellishly complicated business with a hellishly over-complicated structure鈥. He then raised what I think is a very reasonable point, saying: 鈥淚t is still proving a difficult job to untangle the web of the Carillion business structure. If it is difficult for the Insolvency [Service] to do that so many weeks on, how much more difficult must it have been to run the business?鈥

Nato hi res

Careful phrasing

Nato says it has begun moving the first staff into its new headquarters in Brussels, with 4,000 due in by the middle of June, eight years after work began. Drawn up to resemble interlocking fingers, it has been built by a number of Bam companies including Bam Construct in the UK. So far, so good. But my eye is drawn to the cost, particularly what the bureaucrats at the military alliance define as within budget. 鈥淭he construction project is largely within the original estimate of 鈧1.17bn.鈥 Surely that鈥檚 Eurocrat speak for saying it鈥檚 gone over-budget?

Send any juicy industry gossip to hansom@assemblemediagroup.co.uk

Topics