14 MAY 1994, Page 29

Clocking the meeting

BUSINESS OPPORTUNITY: I learn that an ingenious Swedish clockmaker has patented a clock to take to meetings. Instead of telling the time it tells the money. The salaries of all those present are keyed into the clock and the 'start' button pressed when the meeting begins. The clock then whirrs away at a prodigious rate, the totals appear on its dials, and every so often it makes an announcement: 'Pip, pip, pip. At the third stroke this meeting will have cost another 10 million kroner.' I am anxious to secure the United Kingdom rights in this clock, on behalf of my City pressure group NABC, whose initials stand for Not Another Bloody Committee. It will make our fortune. No company secretary plagued with non-executive committees can afford to be without one. We might even get a grant from Michael Heseltine. If he wants to improve the competitiveness of British companies, here's how.