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Article: M& S bid to nip revolt over Rose in the bud; Lord Burns ducked the need for a new chief but still took [pounds sterling]450,000 Mark Burgess was first to oppose Sir Stuart Rose as executive chairman Rose's growing power has proved a thorny issue for shareholders Mark Burgess was first to oppose Sir Stuart Rose as executive chairman.
- Article from:
- Daily Mail (London)
- Article date:
- April 4, 2008
CopyrightCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Lucy Farndon
ARROGANCE and short-sighted behaviour appear to be blighting the boardat Marks & Spencer once again.
At precisely the time chief executive Sir Stuart Rose needs to devote all hisenergy to preventing the retailer's revival from stuttering to a halt, he hasbecome embroiled in a row with shareholders that could tarnish the remainder ofhis tenure.
The retailer yesterday took the unprecedented step of writing to all of itsinvestors, including the 250,000 thousand private shareholders who own aquarter of its stock.
That was not to explain the near- 50pc slump in its share price since last May,but to justify the elevation ...
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Article: M&S gloom hits the high street for [pounds ...
The Daily Mail (London, England);
January 10, 2008 ;
700+ words
... ... reduction over the year.' Sir Stuart, 58,was parachuted ... make the expected [pounds sterling]1billion profit this yearand when Sir Stuart will leave. He refused ... but spent over [pounds sterling]1million buying 250 ...
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