And slip into water
Article Abstract:
GEC's new managing director, George Simpson, has been granted a generous pay package. This involves a basic 600,000 pounds sterling salary, a bonus that could be worth some 300,000 pounds sterling annually and large contributions to Simpson's pension. There is a long-term incentive scheme that will allow Simpson to be paid to a maximum of 1 million pounds sterling if the company's share price goes up by 41% in the 7 years from 1996. Simpson also has a notice period of three years. Institutional investors are not likely to protest about this pay package.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Minorities fight back
Article Abstract:
Minority stockholders of Astec are taking legal action against Emerson, which holds 51% of Astec. The minority stockholders are using Section 459 of the 1985 Companies Act, and argue that the affairs of Astec are at risk of being conducted in an unfairly prejudicial way, affecting some or part of the company's members. Emerson aims to remove three directors from Astec and reduce the company's dividend. Emerson argues that a dividend cut is necessary to allow Astec to invest after the Asian financial crisis.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Brave new world
Article Abstract:
Investors may have turned away from technology shares but major technological advances are still being made. Ten emerging technologies are examined: electronic paper, nanotechnology, fuel cells, smart cards, 3G, Bluetooth, stem cells, biometrics, missile defence shield and telematics.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2001
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