Benfields slash travel

Benfields spends some £20m per annum on travel and entertainment. Orders have come from on high that brokers are to cut back on travel and have “video conferences” with clients and contacts overseas instead (The Times).

While one can appreciate the need to economise, I somehow doubt that video conferencing is going to be a helpful way to generate much-needed new revenue.

They aim to save £15m over 2 years.

I suggest sandwiches for top execs’ lunches, too. And no alcohol. I mean, look what it’s done for Boris.