Feeds

Voda dogged by reports of shareholder revolt

Not happy

Beginner's guide to SSL certificates

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. ®

Remote control for virtualized desktops

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.