1. Articles in category: BoardNews

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    1. Connaught drops 7% as chief executive departs

      Connaught drops 7% as chief executive departs

      Connaught , the support services group, has lost around £35m of its value after news its chief executive is stepping down. The company said Mark Davies had told the board he intended to leave at the end of the financial year "to seek new challenges elsewhere." But Connaught has decided he should step down from the board immediately, and executive chairman Mark Tincknell will now become chief ...

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      Mentions: Leadership
    2. BT investors vent anger at bonus

      BT investors vent anger at bonus

      Payout opposed by 11% of group's shareholders Credit rating agency Experian also hit by revolt BT yesterday faced a shareholder revolt over a six-figure bonus paid to chief executive Ian Livingston last year despite a collapse in profits and a large cut in the annual dividend. More than 11% of the telecom company's investors voted against the £343,000 awarded to Livingston for improvements in ...

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    3. New RBS executives lured by multimillion-pound share awards

      New RBS executives lured by multimillion-pound share awards

      Pay schemes for Fred Goodwin's successor at Royal Bank of Scotland cause controversy among shareholders The Royal Bank of Scotland is facing controversy over multimillion-pound share awards to its new management team, not just the £16.9m pension pot for former chief executive Sir Fred Goodwin. The Association of British Insurers, whose members control a fifth of the stockmarket, has issued an ...

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    4. Lending Club Announces New CEO, Workforce Reduction Plans

      Lending Club Announces New CEO, Workforce Reduction Plans

      Lending Club higher ahead of annual meeting as it cuts jobs (Seeking Alpha) One of the most hard-hit stocks over the past few months has been LendingClub Corp (NYSE: LC ) after the company saw its CEO Renaud Laplanche resign in May. LendingClub's board of directors oversaw an internal review of $22 million in sales of near-prime loans that Laplanche conducted...

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