Executives that alter a company's strategy risk dividing its investors. Informa (INF) chief Stephen Carter knows one way to win their support: he recently shelled out £149,000 for 31,324 shares in the ailing events and academic publishing group.
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The former Ofcom chief has made important changes at Informa since his appointment 18 months ago. The group recently agreed to acquire Hanley Wood Exhibitions, a US-based organiser of construction and real estate events, for £237m. However, the share placing intended to fund the deal only garnered £207m in gross proceeds.