Blog posts

Investing for Income – More Than Just Seeking a High Yield

Vanishing Dividends Every week brings news of a major company cutting or suspending its dividend: this week, it was BT. For investors who rely upon dividends for income, the search for a reliable, sustainable dividend becomes ever harder. There are no shortage of commentators who believe that most companies should be putting dividends on hold now. Certainly, the story of Easyjet paying out significant dividends on the same day as it requested a bail out from the government struck many as irresponsible. When ...

AGM Reports

easyJet (EZJ) EGM Report August 2012

Introduction and Environment I attended easyJet’s EGM held on 13th August. The EGM was requisitioned by EasyJet founder and major shareholder, Sir Stelios Haji-Iannou (“Sir Stelios”), with one resolution proposed: to remove chairman Sir Michael Rake (MR). Given the facts expressed and, in particular MR’s other commitments, ShareSoc and I supported this resolution. See https://www.sharesoc.org/ShareSoc_Press030%20EasyJetEGM2012.pdf The first challenge was finding EasyJet’s HQ. The location given by mapping the postcode bears no relationship to the actual location of the building! It turns out that the building is in the terminal ...

ShareSoc News

ShareSoc urges shareholders to vote in favour of the removal of Sir Michael Rake as EasyJet Chairman

PRESS RELEASE 30 (21/07/2012) ShareSoc notes the proposal to remove Sir Michael Rake from his role as Chairman at EasyJet and feels obliged to support it, in the light of the many crucial positions that Sir Michael Rake currently holds. As well as his role as chairman of EasyJet, Sir Michael Rake is also Chairman of BT Group, Deputy Chairman, senior independent director and chair of the audit committee at Barclays Plc. He is also a non-executive director of McGraw Hill and holds ...

Cable’s Pay Review – A good first step

PRESS RELEASE 20 (15/03/2012) ShareSoc (the “UK Individual Shareholders Society”) welcomes the publication by Vince Cable’s B.I.S. Department of proposals for shareholders to have more say in the remuneration of public company directors. We believe that the proposals for a forward looking binding vote on pay are essential and that the level of support for such a vote should be increased from the normal 50% to 75%, i.e. it should be made a special resolution to bring it into line with other important ...
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