Feeds

Voda dogged by reports of shareholder revolt

Not happy

The Power of One Infographic

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 Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Orange spent weekend spamming customers with TXTs
Zero, not infinity, is the Magic Number customers want
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
NBN Co execs: No FTTN product until 2015
Faster? Not yet. Cheaper? No data
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
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.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.