This has been all over the TV news in the UK today. With recent announcements of problems at Vodafone and a general slump in it's share price, at today's Annual General Meeting in central London, around 85% of current shareholders voted to keep Arun Sarin as company CEO, with 5% of shareholders abstaining. Some large shareholders, notably Standard Life (who hold 1.7% of Vodafone) and Morely Fund Management (who own 2.1%), chose to publicly announce they would vote against the re-election of Mr Sarin as CEO.
Vodafone has seen a decline in it's shareprice since November last year, with shares trading for around 115p at today's prices, from a 12 month high of 155p in August 2005. The result of today's shareholder vote is being seen as a warning shot to the board of directors, especially as only 80% of shareholders voted to approve the proposed remuneration report, with most shareholders voting by proxy.
August 1st, 2006 at 11:53 pm
Sir John Bond is going to have a tough ride as chairman of Vodafone since Arun Sarin’s style is one of running rough-shod over the chairman. In fact Arun Sarin’s office routinely handles matters directed for the attention of the Chairman. Is this a mockery of the board hierarchy and process?
February 22nd, 2007 at 5:16 am
hi sir,
congrulation for wining the battle of biggest telecom industry.
myself Manoj. i m the subscriber of Hutch Maharashatra. My Mobile no. is +919823442171. And i also have a postpaid connection no. is +919823598580. i m not geting my bill from last two month from the month i got connection i don’t have any bill on my postal address. & when i contact to custumer care the don’t give any response. half of the month my phone don’t work when i call to customer care they told me to pay bill. how can i pay my bill without geting bill on my address. And here’s customer is not so supportive they don’t know any thing. I wish now you could make things better here. wish you all the best.
your’s sencerily
Manoj khatri
December 10th, 2008 at 6:46 am
all the best sir for in the race of YAHOO, i know you will win.because indian are the best.
sir i am Ankush Jain, graduate in Engg. and now doing MBA.sir i want a good job, can you help me.
my email id is sanu23685@mail.com and my no is 9371678129.
once again all the best my good wishes is always with you.