Shareholder demands illogical; Arun Sarin must focus on long term growth
Erstwhile Vodafone CEO Christopher
Gent clearly understood the importance of expansion through big ticket acquisitions. Unfortunately, though, he hardly worried for stakeholder value (unless he happened to be the stakeholder; remember the controversial £10 million bonus during the Mannessmann deal?)! And his successor Arun Sarin faces the brunt for Gent’s excesses; with shareholder groups in Vodafone getting more impatient day by day. This year, too, an investment group Efficient Capital Structures (ECS) backed by former Marconi executive John Mayo is hell bent on giving Sarin a tough time.
For Complete IIPM Article, Click on IIPM Article
Erstwhile Vodafone CEO Christopher
Gent clearly understood the importance of expansion through big ticket acquisitions. Unfortunately, though, he hardly worried for stakeholder value (unless he happened to be the stakeholder; remember the controversial £10 million bonus during the Mannessmann deal?)! And his successor Arun Sarin faces the brunt for Gent’s excesses; with shareholder groups in Vodafone getting more impatient day by day. This year, too, an investment group Efficient Capital Structures (ECS) backed by former Marconi executive John Mayo is hell bent on giving Sarin a tough time.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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