Some Olympic maths: scandal-struck security firm G4S is donating £2.5 million to the Armed Forces as a “goodwill gesture”. That’s less than half the £5.3 million chief executive Nick Buckles took home last year.
* More moans from the dismal corner. The Olympics won’t be any good for us in the long run, Stefan Szymanski of the University of Michigan tells the FT. “Indeed, substantial well-researched academic literature shows that if anything the reverse is true: hosting big sporting events is an economic burden,” the prof says. Given their recent track record, isn’t it time for the economists with the well-researched academic literature to put a sock in it?
* Another reason the Tube was so efficient during the Olympics: City Spy hears Transport for London contacted large firms based outside the capital before the Games and told them to stay away for the duration.
