Britain's boards set for bruising round of investor revolts in June as 'shareholder spring' picks up pace Investors at Morrisons have been advised to vote against executive pay packets Informa is facing a massive revolt over 'target-free' bonuses for bosses...
Dimon has been running JP Morgan since 2005 and was credited with guiding it through the financial crisis relatively unscathed, building what he described as a 'fortress balance sheet'. But he has been rocked by a series of scandals in recent years. JP Morgan lost £4.3billion after trades by the so-called 'London whale' Bruno Iksil turned sour in 2012. Dimon initially dismissed the mounting losses at the bank's London offices as a 'tempest in a teapot'...
Analysts have pointed to Barclays' US-dominant shareholder register as a point in favour of Bramson, who is based in New York. Sixty per cent of Barclays' shareholders are based in the US, with 11 per cent in the UK and 8.6 per cent in Qatar...
A leading Barclays shareholder has ditched its £600 million stake in the bank – dealing a blow to boss Jes Staley as he battles a corporate raider. US hedge fund Tiger Global's decision to pull out ...
Patisserie Valerie is facing calls for a boardroom clear-out, with potential buyers also circling the embattled café chain. Ahead of a crunch shareholder meeting this Friday, a leading institutional investor warned there needed to be 'wholesale change' at the top of the firm after a £40m black hole was discovered in its accounts...
Ni-Chionna is unrepentant in spite of an overwhelming rejection of Back’s pay package and a golden handshake for former chief executive Moya Greene. That she should also be in charge of remuneration at Burberry where pay, bonuses and expenses are famously excessive is inexplicable. Holding down six jobs (many of us have trouble with one) obviously is taking its toll on sound judgement...
Corporate raider Edward Bramson is Barclays' third largest investor Barclays has avoided a public showdown with corporate raider Edward Bramson by agreeing to see him in private. The activist investor stayed home in New York rather than heading to the lender’s annual meeting, where it had been rumoured he would make his case for a radical shake-up...
Share But the real value lies in its very direct message: scrap complex long-term incentive plans. Executive pay has for too long been so opaque under these schemes that even seasoned observers find it hard to disentangle exactly what executives’ targets are and, more importantly, whether they are the right targets to most benefit other shareholders...
Blackrock has pledged to hold its board members accountable and crack down on fat-cat pay. The investment management company said it will vote against committee chairmen when it believes pay doesn’t match performance. Speaking to MPs during a business, energy and industrial strategy committee hearing, managing director Amra Balic said: ‘The key thing we will be doing is holding boards accountable.’ New dawn: Blackrock has pledged to hold its board members accountable and crack down on fat-cat pay She added that there is a ‘disconnect’ between executive pay and workers’ pay in the UK due to complex wage systems ...
Rolls-Royce's chief executive has said he is in favour of Theresa May’s controversial plan to put workers in the boardroom. Warren East is the highest-profile boss to come out in support of the Prime Minister’s proposal, which has sparked unease among business leaders. He said his personal view was that workers on boards helped communication, citing Germany, where worker representation is common...
comments Activist investor group Elliott Advisors may have set its sights on a new target. The hedge fund firm known for shaking up underperforming trusts has built a 5 per cent stake in British Empire Trust. Elliott has held a significant stake in rival Alliance Trust, where it has fought to improve corporate governance and investment returns. Its influence led to a reshuffle of the trust’s board and the resignation of its chief executive. British Empire Trust is another underperformer...
Bob Dudley, the boss of BP (down 0.05p to 470.95p), faces a backlash over his pay at its AGM tomorrow...
The war of words between Alliance Trust and US activist investor Elliott Advisors deepened on Sunday after the boss of the Dundee-based investment firm accused the Americans of bullying. Alliance chief executive Katherine Garrett-Cox was reported as ...
Holiday Inn owner InterContinental Hotels was forced once again to rebuff activist shareholder Marcato’s bid to make it merge with a rival group...
Furious shareholders and business groups have slammed the head of Barclays’ remuneration committee, Sir John Sunderland, as well as its chairman, Sir David Walker...
The world is still trying to make sense of what went wrong during the crisis - and the soul-searching has led to a surge of interest in socially responsible investment...
They say if you play with fire, you get burned. As Nat Rothschild has learned, if you play with coal you end up with dirty fingers.
Less than a year after the billionaire called for a 'radical clean-up' at Bumi Resources, Bumi has announced a probe into 'financial irregularities' at Bumi Resources and 85 per cent-owned Berau Coal Energy.