Tim Parker, a private equity executive who has run the AA, Boots and Kwik-Fit, has been talking about his new job overseeing large parts of the Mayor of London's empire, on a salary of £1:
"Mr Parker, who will begin work on June 7, said: "Throughout my business career I have been accountable to exacting shareholders. In my new role, my shareholders will be the taxpayers of London."
That's exactly the right attitude - focussed on value for taxpayers. Hopefully he will realise that the best way to make that happen is to return as much control over London's public services as possible back to Londoners.