per cent drop in feline bistro
fatcat's, carl craig, jazz history, jam and cream', cats care/health, thetwelfth garfield fat cat 3 pack (garfield fat cat three pack), best, bistro, music / popular, 0064442462, for better or for worse, atlanta weather, investors rejected the offer, which would still have seen Davis given a further 1.5 million in shares in the spring of 2005. They gave the Sainsbury's 48 hours to axe the bonus scheme or face feline a hugely embarrassing feline vote against the remuneration report at the annual general meeting next month.It is unclear how much of his bonus pot Davis will keep as a result of his resignation. But under the terms of his deal, he was entitled to keep half of the £1.5 million due to him is 2005 even if he got sacked. Author:  Management Issues feline News RELATED ITEMS SINCE THIS FIRST APPEARED Keeping up the pressure on 'rewards for failure' France to outlaw 'rewards for failure' A radical diet for fat cats A licence to print money The unacceptable face of capitalism Shining Stars or Mickey Mouse? Will they ever learn? Fat cats stay plump RELATED ITEMS EARLIER ARTICLES Simple rules that bosses ignore Sainsbury’s management own-goal enrages staff EXTERNAL LINKS We have no other relevant links RSS Feeds | more info Tell us about your research We always welcome hearing about new research, be it from the UK, Europe or internationally.
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per cent drop in the company’s annual profits.Then in May, the company reported a 2.9 per cent fall in profits and falling sales.Davis became Sainsbury's chairman three months ago after spending four years as group chief executive. The appointment bistro - which was contrary to corporate governance guidelines – was unpopular with many investors from the start.It was pressure from these same institutional investors that forced Davis to resign at an emergency board meeting on Wednesday. Investors had warned the company that it faced shareholder revolt against directors' bistro pay unless he was removed.The move marks a new milestone bistro in investor muscle as the major institutions revolt against so-called ‘rewards for failure’ enjoyed by the executives of poorly-performing companies.It has been widely reported that over the past few weeks, Lord Levene, a Sainsbury’s non-executive director, has been trying to broker a deal with disgruntled investors whereby Davis would give back ten per cent of the disputed bonus.But
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