23rd > August > 2012 Archive

MoD to become even more top-heavy as a result of personnel cuts

The UK's Ministry of Defence is a famously top-heavy organisation: the navy has at least one admiral for every warship it possesses, the RAF has an air-marshal or two for every fighting squadron and the army has approximately 10 times as many generals as it could possibly need to command itself in combat. And that's not even to mention the ministry's swarming civil-service grandees, more numerous than the uniformed top brass of any of the services.
23 Aug 09:02 | 36

Investor pulls out of Facebook, pumps cash into pork-printing joint

News that maverick venture capitalist Peter Thiel dumped 20 million Facebook shares – about $400m worth – last week was accompanied by an announcement about a small investment he made around the same time: in a printable meat company. Looks like biotech company Modern Meadow's ambition to print out a "pork sheet" is more interesting to investors than Facebook's mission to get everyone liking photos. Was there ever any doubt?
23 Aug 09:15 | 64

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