Who are these spineless
But the last of these explanations is a nonsense because
But the 60% of shareholders voting for the latest plan may now have sanctioned £70m anyway. Shareholders have no way of knowing what Ashley's award will be. If it is £70m, they will have allowed
Quite right. Ashley has a 58% stake worth about £2.5bn and thus does not lack motivation to put in a decent shift as an executive deputy chairman.
The 60% of compliant shareholders have sent two bad messages: first, that the normal standards of corporate governance and disclosure don't matter when the share price generally goes up; second, that they'll roll over when a big founding shareholder is sufficiently bloody-minded.
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