Yo, Groceries

The last time I saw John, pictured, he was the finance director for a friend's family business. Now he is the CFO of Sainsburys, the UK''s 3rd largest grocery with over 900 stores (16% mkt share) and 150,000 employees turning £20 B sales earning shareholders £710 M in 2010. Yesterday's market cap : £6,339 M. Not too shabby. John perfect for the role, too - neither showy nor overly enthusiastic. He instills confidence and .. calm. Let the CEO do all the drama and John Davan does just that - Davan viewed as one of those "celebrity CEOs". Sort of like a celebrity chef. But together they get the job done son nobody's complaining.

Photo from Sainsburys.com

US house prices down 33%. This worse than the decline during the Great Depression.