“They call me a wanker and then they lose £1bn”

by Kate Pritchard - Wednesday, 19th March 2008 - (1) comment - Business comment

That’s right, Mr Nasty’s back. And this time entrepreneur Sir Alan Sugar is spitting venom at investment bankers.

He blames those “30 year-old open-collared executives swigging Evian in their offices” for the credit crunch, which is threatening to close its jaws on his commercial property business.

“They sit there and criticise me, saying what a bloody wanker I am and then they lose £1bn and Bear Sterns goes down the drain in the middle of the night.”

Sugar better watch what he says. Those city slickers are The Apprentice’s target audience.

“If they did take any lessons from The Apprentice, which they should, they would never admit it,” he moans.

He obviously didn’t take a proper look at the CV of last year’s winner, Simon Ambrose. The public-school educated 28-year-old is a former investment banker.

WHAT NEXT?
Sign up for our newsletter and get our weekly pick of business news in your inbox!
Subscribe to our magazine for in depth interviews and advice from leading entrepreneurs!
Join our forum and talk business with other entrepreneurs!

1 Comments

July 20, 2008 10:43pm
Jan Says:

Sir Alan doesn't obviously, he isn't mad at every invesment banker in the country. In fact the people who made Simon redundant are probably the same people who critisize sir alan. But Sir Alan must be aware that a crash in house prices can jepordise his property assets. Whether it's related to investment banking or the credit crunch I don't know. But I also think credit crunch is down to people spending too much, credit card companies giving too many overdrafts to people and not checking their credit history properly etc.