Investors bitter over GUS FD share deal
Retail and finance group GUS's FD David Tyler faces protest over share deal
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.