He might have a duty to discuss it in shareholder meetings.
I don't think that extends to "to anyone at any time".
I also don't think that extends to anyone who paid into a pension fund that is a shareholder, but only to the managers of those funds.
Carillion is a different case entirely, since they were horrifically mismanaged for years whilst simultaneously being paid such large sums, and the result was the tax payer eventually had to foot the bill. I believe that Persimmon has thrived under this guy's effective leadership.
(, Sun 21 Oct 2018, 19:52, Share, Reply)
There's no 'might have a duty', he is absolutely accountable to the shareholders, and can expect to have to justify his renumeration. That's a pretty basic fact, this is not an opinion, it's something that happens, a lot.
Again, it's a publicly listed company. Maybe if he whispered his explanation to the pension fund managers and they sent a written précis in an envelope marked "top secret" to the people paying into the pension fund?
It's always a different case right up until it isn't. I don't know much about Persimmon, but I do know a ridiculous renumeration package when I see one. It would be big for a global player, they aren't even the biggest building firm in the U.K.
(
Prufrock Lucifer, son of the morning!, Sun 21 Oct 2018, 21:47,
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The "might" in my sentence was a nod
to the fact you're correct he does have that duty. A pattern of speech. As in... "he might have A, but he doesn't have B".
Maybe Persimmon will turn out to be another Carillion, but then my mates 1 month old baby might turn out to be another Jimmy Savile but it probably isn't fair to treat him like that until he does.
(, Sun 21 Oct 2018, 22:00, Share, Reply)