I think this will be a great lesson for ED to keep his stupid mouth shut until he knows more. The jump seat has already been binned apparently. Made it to TC's desk and he gave it the same treatment that he has every other time an overly optimistic middle manager who thinks he actually has some influence has raised the issue.
As for a substantial payrise, sure he probably has a grand proposal, given that he comes from a culture where that sort of thing happens regularly. Will he get it through here. Yeah, I'm sure something will flow through in May. Will it be substantial? Probably, substantially reduced from whatever was proposed.
I for one am not holding my breath for anything significant. As anyone who has been here more than 5 or 6 years will tell you, we've heard it all before.
V