Tomorrow's Business Today
S(ch)wimming ahead
When the London Stock Exchange Group appointed David Schwimmer as CEO back in August 2018 some of us groaned.
Why was a yank – a Goldman Sachs yank more to the point – being handed the job of running our stock market?
Was he the best we could do?
Early impressions seemed to confirm the prejudice – a straight-laced banker who spoke entirely in jargon and hid behind his PR people.
A few years on that looks unfair. Maybe the problem was us, not him. And maybe be charmed hacks other than me right off the bat.
Anyway, lately there’s been a schism in the City about whether the LSEG takes the stock market itself seriously enough.
There has been a dearth of new stock listings, and Schwimmer seemed more interested in international expansion than the home market, ran the complaint.
Lately, Schwimmer has been addressing this issue directly, and coming across pretty well.
The people who are complaining don’t know what they are talking about. He doesn’t quite say.
But he seems human and there is an almost detectable sense of humour.
Maybe we might concede that his PR people handled him just right. Introducing him to the UK press at the correct speed.
Some CEOs do better the less they talk. And some benefit from more sunlight.
Press release of the day
Bitcoin has hit an all-time high of $60,000. Also at an all time high is cryptojacking says this from SonicWall.
It says: “If hackers are going to mine for cryptocurrency, they’re going to do it while the price is at its highest.”
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