At the core of the showdown at the recent Stobart Group (STOB) annual meeting was the dilemma that many companies face: how to control a dominant chief executive. As the chairman, Iain Ferguson, says in the 2018 annual report: “Under Andrew Tinkler’s leadership, the business powered through a period of organic growth and clever business diversification.” Praise indeed, but it has been far from an easy ride.
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No Free Lunch
Limits of influence
Private shareholders seeking change are still up against institutional inertia
Paul Jackson