Abstracts » Business

Make secret pact public, say embattled bosses

Article Abstract:

The bosses of Liberty, a United Kingdom retailer, want a pact between stockholders to be made public. The director of UK Active Value, Brian Myerson, and the representative of the Stewart-Liberty family, Odile Griffith, account for 44% of the company's stocks. These stockholders aim to remove Dennis Cassidy as chairman of Liberty, and for him to be replaced by Griffith and Myerson as joint-chairmen. Cassidy is backed by the entire board of the company, according to managing director, Ian Thomson.

GENERAL MERCHANDISE STORES, Retail industry, Retail trade, Retail stores, Liberty

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Bosses on the brink

Article Abstract:

There are a number of United Kingdom corporate bosses who look vulnerable. Two factors are likely to lead to action to oust bosses and they are underperformance of the company's stock price, and lack of a clear strategy. Stockholders tend not to wish to blame bosses when speaking to the press, but some institutional investors will speak off the record. Vulnerable bosses include United Biscuits' Eric Nicoli, De La Rue's Jeremy Marshall, and BTR's Ian Strachan.

Management Theory & Techniques, United Kingdom, Corporations, Chief executive officers

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