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EMPLOYERS BEWARE AS CV FIBS ARE ON THE RISE

READERS who have ever been tempted to &ldquo;embellish&rdquo; their CV will probably remember the story of disgraced hotel executive, Patrick Imbardelli, who lost everything he had worked for because of&nbsp; such an indiscretion.<br /><br />Imbardelli was forced to resign from his role as head of Asia Pacific at InterContinental Hotels in 2007, just weeks before he was due to join the board.<br /><br />A tip-off led to a check of his credentials, which revealed that he had been somewhat economical with the truth and did not, in fact, hold a BA in business studies and hotel management from Victoria University in Australia. Nor did he achieve a BSc and an MBA from Cornell University in the US. <br /><br />He had attended some classes at the institutions in question, but had received no qualifications. He left the industry after 25-years, his reputation in tatters.<br /><br />But this cautionary tale does not appear to have done much to stem a new wave of CV-contortionists, and a new survey has shown that more banking candidates than ever before are lying on their CVs.<br /><br />Powerchex, the pre-employment screening firm, has found that one in five financial services applicants fudged the truth in their applications, a 12 per cent rise on 2008 figures.<br /><br />&ldquo;The pressure of the recession job market seems to have led more applicants to believe they should lie or make embellished claims to get jobs,&rdquo; said Powerchex managing director Alexandra Kelly.<br /><br />Omissions include hiding criminal records &ndash; something the survey shows to be prevalent amongst wannabe-brokers &ndash; and a six-fold rise in the number of applicants attempting to hide County Court judgments and bankruptcies. <br />And of course there is the classic CV fib: why you left your last role. Sir Fred Goodwin, be warned. They do check.<br /><br /><strong>EXHAUST FUMES</strong><strong><br /></strong>We may be green-eyed over the fees they have been charging of late, but spare a thought for the City&rsquo;s advisers the next time you are feeling a bit snowed under.<br /><br />Boutique investment bank Evercore Partners has had to file a petition with a US bankruptcy judge in an attempt to secure fees related to the General Motors Chapter 11 filing.<br /><br />Supporting documents show that the firm created or reviewed an astonishing 4,000 spreadsheets, amounting to over 1m printed pages of data, and a further 1,700 PowerPoint presentations over a 12-month period working on GM&rsquo;s case.<br /><br />Not only this, but one Evercore managing director is claimed to have sent or received more the 23,500 GM-related emails, accompanied by no less than 11,700 attachments, amounting to 422,000 printed pages.<br /><br />Assuming a five-day working week (humour me), that&rsquo;s 1,623 pages a day. And no holiday.<br /><br />Now that is not the kind of work that you would want to do for free.<br /><strong><br />PADDLE POWER<br /></strong>Speaking of hard work, Morgan Stanley&rsquo;s Kent Perry and Reuters&rsquo; Real Estate&rsquo;s Jan Skopecek fly out to Prague on Friday to represent Great Britain in the World Dragonboat championships 2009.<br /><br />Kent, Skopecek and their 18 team mates &ndash; some of whom are world-class kayakers and canoeists &ndash; beat other hopefuls in time trials to earn their places on the boat, and have been averaging 12-16 training sessions a week in preparation.<br /><br />I am reliably informed that Dragonboat racing is a sport that we Brits are actually fairly good at, and the boys have got their sights firmly set on the gold. <br /><br />But if all that sounds a bit too strenuous, fear not. Our very own London Mayor Boris Johnson will today unveil a far more laid back way to spend the bank holiday weekend.<br /><br />From Thursday &ldquo;One Magic Summer&rdquo; will hit Trafalgar Square, with deck chairs to kick back on and free weekend entertainment until Bank Holiday Monday.<br /><br />Boris is hoping City-dwellers will make the most of &ldquo;a variety of comedy performances, street theatre and even magic tricks is planned to evoke memories of the great British summer holiday&rdquo;. In keeping with memories of the British summer, don&rsquo;t forget your brolly.