Tuesday 27 June 2017

The Punt: Independent writer the toast of London at business awards

Eoghan Corry editor of Travel Extra receives the Travel Business News Journalist of the Year award for 2015 from Adam Austin, Senior Director of Sales, Marketing & Strategy at award sponsors Carlson Wagonlit Travel and the MC for the event Steph McGovern of the BBC at the awards ceremony in the Magazine, London, October 8 2015
Eoghan Corry editor of Travel Extra receives the Travel Business News Journalist of the Year award for 2015 from Adam Austin, Senior Director of Sales, Marketing & Strategy at award sponsors Carlson Wagonlit Travel and the MC for the event Steph McGovern of the BBC at the awards ceremony in the Magazine, London, October 8 2015

YOUR humble Punt is never one to blow his or her own trumpet - but there are always exceptions. The on-off IAG takeover of Aer Lingus was one of the key business stories of the year - and INM was honoured for its reporting on the mega-deal.

Irish Independent travel and business commentator Eoghan Corry has been named Travel Business News Journalist of the Year for 2015 at a glittering awards ceremony in London. Corry, who also edits the trade magazine Travel Extra, is pictured receiving his accolade from Adam Austin, senior director of sales, marketing & strategy at award sponsors Carlson Wagonlit Travel and event MC Steph McGovern.

He's the latest independent.ie name to nab an award, following wins for our travel journalists in this year's Irish travel writing awards in Dublin and the international Clia cruise journalism ceremony, held earlier this year in London.

Dell's EMC deal shows that ego is still alive and well on Wall Street

The investment banking world can be peculiar at the best of times. It's a world where status is constantly on show, whether that means having the most screens on a desk, or being deemed important enough to have the newest type of smartphone. Another way status is defined is by who is listed first as an adviser on a major deal.

In the press release announcing Dell's $67bn takeover of data storage firm EMC, the computer-maker went out of its way to note that the eight firms it listed as financial advisers and providing debt finance were "listed in alphabetical order".

It may seem like a strange thing for a company like Dell to note but deals have failed over such listings. Perhaps most famously, the takeover of the US firm RJR Nabisco back in 1988 almost fell apart because Salomon Brothers refused to be listed below its rival Drexel Burnham Lambert as a provider of debt finance on the deal.

Since the crash, anthropologists have spent more and more time studying The City and Wall Street. It's not hard to see why.

Irish Independent

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