15 FEBRUARY 1975, page 20

Skinflint's City Diary

David Nicolson's renewed promise of no redundancies at British Airways, of which he is chairman, must have made hearts sink at Whitehall. As the ex-management consultant put in......

Chairman And Managing Dirctor."

I asked Mr Otis whether objections to nepotism were as common in other countries as in Britain. "Heavens, no," he said. "Why in the States we cultivate nepotism as a business......