SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : OMD's Island (AKA Devil's Island) -- Ignore unavailable to you. Want to Upgrade?


To: Rainy_Day_Woman who wrote (160)2/26/2002 12:32:03 PM
From: Original Mad Dog  Read Replies (2) | Respond to of 209
 
Hi Sherry....

Any chance we could improve the wine list around here?

news.bbc.co.uk

Bankers 'sacked' over £44,000 meal

Five investment bankers who spent more than £44,000 on wine at a top London restaurant to celebrate a successful deal have left their posts.

The bill
1982 Montrachet - £1,400
1945 Petrus - £11,600
1946 Petrus - £9,400
1947 Petrus - £12,300.
1900 Chateau d'Yquem - £9,200
Water, champagne, fruit juice, 2 beers - £102

The Barclays Capital bankers' dinner, at top chef Gordon Ramsay's Petrus restaurant, hit the headlines in July and is believed to have angered some of the investment bank's customers.

The five men have left the company after being questioned by management at the bank. It is reported that the men have been sacked.

It is believed the meal was viewed as inappropriate at a time when the City was trying to present a more sober face following the end of the technology and telecoms share boom.

During the meal, it was reported at the time, the bankers bought a bottle of 1982 Montrachet, for £1,400, followed by three bottles of Chateau Petrus Pomerol - a 1945 vintage costing £11,600, a 1946 at £9,400 and a 1947 at £12,300.

Champagne, fruit juice, water and two beers cost a mere £102.

Impressed by the choice of wine, the restaurant - which has one Michelin star - let the men have their food for free, a £400 saving.

A sixth man at the dinner kept his job, as Barclays decided he could not be held responsible as he had only recently joined the company at the time.

A spokesman for Barclays Capital refused to comment on the matter to BBC News Online.

Restructuring

Meanwhile the bank's parent company, Barclays, is restructuring its workforce as it looks to improve efficiency by centralising its separate business divisions.

More than 1,800 office jobs have been cut, but the company's overall workforce grew by 2,400 over the last year.

The company said it intends to employ a further 2,000 people this year as Barclays Bank extends its opening hours.