Melrose’s business model involves buying companies it believes are being run inefficiently and stripping out costs, before selling all or part of the business for a profit. The strategy has led to the company being accused of “asset-stripping”.
Melrose said it delivered returns of £3.6bn to investors between 2012 and 2017 via a string of takeovers that also triggered large windfalls for directors - £42m bonus to each of four directors.
£657,000 basic pay was also awarded to its new finance director, Penny James, whose pay is 38% more than her predecessor’s.
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