At the end of September, David Frankel is slated to replace William Rapfogel, 58, who last week was fired from the nonprofit organization he headed for 21 years amid allegations of financial shenanigans. The Met Council did not immediately reveal what Frankels salary would be. Rapfogel, who made $417,000 a year, was canned after the Mets board found financial irregularities under his tenure. Rapfogel is believed to have purchased insurance policies at inflated prices using the Met Councils money and then received kickbacks from the agent, Century Coverage Corp., a source said.
Bricks and finance shortages frustrate British housing hopes
Such suppliers have shut 19 plants in the last five years as brick production halved due to the waning demand. About 358,000 workers have left the British construction industry, a 15 percent drop since 2008, government data showed. Many building materials makers are now adding shifts and hiring workers, but say a sharp rise in production will take months. “Our customers are going to have to be patient,” said David Weeks, spokesman for Hanson, which plans to reopen a mothballed factory in Cloughton, northern England, by the end of the year. “We’ve been through some severe pain in the last five years; our workforce has reduced by half to about 4,000 today, and we’ve lost probably 45 percent of our production volumes.” On top of this, builders say it can take up to two years to start work on sites due to delays in gaining planning permission.
Finance Ministry seeks relaxation in selection norms for SBI chief post
ACC, which comprises Home Minister, the administrative ministry in-charge, is headed by the Prime Minister. The current Chairman of the State Bank of India, Pratip Chaudhuri, is to retire next month. As per the existing norms a candidate is eligible for the interview of the post of the Chairman if he/she has at least two years of service left before the retirement. As per the guidelines only one of the four Managing Directors, Arundhati Bhattacharya, is eligible for the post of the Chairman of the bank.
Polish PM plans to replace Finance Minister Rostowski within months: sources
No decision has yet been made about who would replace Rostowski. Janusz Lewandowski, currently an EU budget commissioner, has been mulled for the post but two of the sources said he had told them that he was not interested. Jan Krzystof Bielecki, former primer minister and currently Tusk’s chief economic adviser, and Dariusz Rosati, the chairman of the parliament’s public finance committee, have also been named as possible replacements. “It will have to be someone with a friendly face, unassociated with the government’s recent policy troubles or controversies.