Marks & Spencer shareholders turn against Stuart Rose
Sir Stuart Rose, seen as the darling of the retail sector, is set to encounter a serious period of investor turbulence over the coming weeks and months. This is not the first time that Marks & Spencer investors have suggested that Stuart Rose has too much power at the company and too much of a free rein. However, contrary to popular corporate governance guidelines Sir Stuart Rose currently holds the position of executive chairman and chief executive, which has certainly angered many institutional shareholders.
However, it must be noted that when the company was rescued under Stuart Rose's stewardship there was a lack of criticism but now the economy has turned downwards and the retail sector is in serious trouble it would appear that attacks on Sir Stuart Rose are par for the course. On a more positive note, Marks & Spencer as a whole believes that falling consumer confidence in the UK is starting to level out albeit at a much lower level but there are signs of interest in the market.
While it is uncertain whether Sir Stuart Rose will finally agree to split his roles within the company there is no doubt the management have a very tough job on their hands trying to keep the company ahead in a very difficult market. Is Sir Stuart Rose the man to lead the company into the future?
Share this..
Related stories
Would you set up a small business in the UK?
As the UK economy continues to struggle there are growing fears with regards to the UK small business arena where finance has dried up and the UK government appears to have cut the sector adrift. Historically there has always been a very strong small-business sector in the UK with many of these operations moving on to the medium-size sector and some to a full-blown stock market quotation. So why i...
Read MoreIs Northern Rock for sale?
Yesterday's profits from Northern Rock surprised many in the UK investment arena with the group rebounding from its worst years in living history to a profit of £200 million. The group has effectively been split into a "good bank" and a "bad bank" although the performance of the two separate operations could not be more different! However, yesterday's assessment of the current situation has pr...
Read MoreOnline retail 'to triple by 2011'
Britain's online retail sector is set to triple in value by 2011, a survey claims.A study of the online market from Verdict Research finds that shopping on the internet grew by 33.4 per cent in 2006 to £13.9 billion.This continues rapid growth for the sector, which in 2002 saw growth worth 18.3 per cent to a value of just £1.5 billion. In four years' time expansion will have reached 8.9 per cent...
Read MoreCouncil Agrees To Executive Working From Home, In Australia!
In a move which has been ridiculed by the Taxpayers Alliance Group it has been announced that Fenland District Council in Cambridgeshire has agreed to continue employing their executive director and chief finance officer Mat Taylor even though he is emigrating to Australia in October. While his current salary of £100,000 a year will be cut to £20,000 when he move to Australia he will only be wo...
Read MoreScottish youths face jobs crunch
It has been revealed that jobseekers allowance claims in Scotland have risen by 72% in the 18 to 24-year-old age group since the recession began. With nearly 40,000 unemployed Scots in this particular age band, funding the jobseekers allowance is costing just under £1.9 million a week. Despite the fact that younger workers across Scotland are desperate to find employment and relieve their own fin...
Read More