Vodafone is under pressure by ECS to shell out the
44.4% stake in US-based Verizon (they feel differences between the duo are killing shareholder value) and return the $79.4 billion in cash to shareholders. And guess the power ECS holds – a whopping... er... 0.0004% of Vodafone’s shares! Nevertheless, the group feels it has quite a few lessons to give to Sarin regarding shareholder value. Mayo is demanding to put up four motions up at its annual meeting slated for July 24. Vodafone has responded negatively to all proposals. But shares rose by 2.13% during intra-day trade to end at 158.4 pence on June 7. To Vodafone’s credit, it has bounced back a bit since it registered the biggest loss in European corporate history in FY 2005-06. Operating losses went down from $28.16 billion to $3.13 billion for FY 21.3 2006-07.
For Complete IIPM Article, Click on IIPM Article
44.4% stake in US-based Verizon (they feel differences between the duo are killing shareholder value) and return the $79.4 billion in cash to shareholders. And guess the power ECS holds – a whopping... er... 0.0004% of Vodafone’s shares! Nevertheless, the group feels it has quite a few lessons to give to Sarin regarding shareholder value. Mayo is demanding to put up four motions up at its annual meeting slated for July 24. Vodafone has responded negatively to all proposals. But shares rose by 2.13% during intra-day trade to end at 158.4 pence on June 7. To Vodafone’s credit, it has bounced back a bit since it registered the biggest loss in European corporate history in FY 2005-06. Operating losses went down from $28.16 billion to $3.13 billion for FY 21.3 2006-07.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
No comments:
Post a Comment