Feeds

Voda dogged by reports of shareholder revolt

Not happy

5 things you didn’t know about cloud backup

Vodafone chief exec Arun Sarin is facing a challenge from some of the firm's biggest institutional shareholders who are concerned about boardroom splits at the top of the giant cellco.

The Sunday Times reports that the shareholders plan to lobby other investors to back an "owners revolt" that could unseat Sarin and three or four other execs when they come up for re-election at the firm's annual meeting next month.

It seems that some shareholders have lost confidence in top execs and believe a clear out is needed.

News of the revolt comes just days after Vodafone announced plans to shake-up the business and hand £9bn back to shareholders.

Earlier this year Voda was dogged by reports of boardroom rifts and bust-ups. In the end, Sir Christopher Gent - the man who took Vodafone from a £7.5bn business to one valued at more than £75bn - quit his role as life president of Vodafone.

Reports alleged that "the old guard" at Vodafone were trying to force out Sarin although this was denied. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
Google has spaffed more cash on lobbying this year than Big Cable
Don't worry, it'll be cheaper when they use drones
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?