David Tyler, the FD of retail and finance group GUS, as well as other
executives are facing a shareholder uprising over a pay scheme the company is
developing as part of its demerger plans.
The demerger will see GUS split into two FTSE 100 companies, namely Experian
and Argos Retail. As part of this process, executives stand to earn multiple
share options, to the dismay of investors.
Shareholders are also upset that Tyler is set to be added to the Experian
board as a non-executive director, and chief executive John Peace as a chairman.
They are concerned that the independence of Tyler and Peace will be compromised,
The Guardian reports.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements