CEO says SAP would struggle to survive another year like 2009!
- SAP CEO Leo Apotheker is glad to see the back of 2009, but takes comfort from the performance of the finance sector.
SAP has come out of a bad year in 2009, but the finance sector has offered some crumbs of comfort for the enterprise software giant.
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The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more