PETER BRUCE: Irvin Jim’s scaremongering on Eskom unwarranted
Union leader uses routine business sales pitch letter to Eskom to peddle falsehoods about a plot to destroy the power utility
So, you want to be an investment banker? Sitting on yachts in European harbours watching the common folk go about their ordinary holidays? Want to fly first-class? A gorgeous wife, and your kids at the best schools? Want your bonus to look like a small city budget? Yep, the money to be made can be mouthwatering. But there’s a price to pay behind closed doors where no-one can watch you debase yourself. You have to kiss serious ass. You bow and scrape and beg and plead. Please sir, give me your business; please sir, I’ve got this idea for your already glorious company, won’t you have a look at it? Journalists don’t make the investment banking money, but no-one tells us what to do. Well, mostly. I am reminded what a dreadful business investment banking is by a leaked letter in circulation. It is from Martin Kingston, the impeccably-connected CEO of Rothschild in SA, to the current (but not for much longer, some say) CEO of Eskom, Phakamani Hadebe. The letter is being hawked around by I...
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