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Says it all really - when the shareprice goes up when the CEO leaves !
Pity he stayed as long as he did.
I actually bought more stock on this news, and just wanted to say well done everyone who voted and made their voice count.
Well, well, well. Who'd have thought it, Cartmell out. This is great news, never opposed a resolution on an AGM before and found myself on the winning side.
TPG needs someone to do a complete overhaul, cost cutting is the name of the game for the next CEO. For starters there's offices/sites we clearly can't afford, that they could look to get rid of... with home working being the norm now. Also pet peeve has always been recruitment, there is clearly too many staff, I used to read the job's board to see the kind of jobs being advertised but after a while it annoys you because it's just more mouths to feed rather than driving actual growth. I'm not heartless but ultimately TPG makes a loss every year. Also someone needs to sit down and rethink the bidding and contracting processes, margins have been awful but contracts now need to have some flexibility baked in, just blaming logistics, contractors or staffing problems is not good enough. If you are losing money on a contract you need to be able to identify that quickly and have a plan B to fall back on. PC was massively passive here, he basically has just left the group constituent parts to do as they please, so he has fallen on his sword for his failures.
Hi stokey12, will you pick my lottery numbers please?!! Unfortunately I've no spare cash - if I had I'd be buying right now!
Looks like you got your wish! :)
The AGM is next week does anyone have any idea how man people will be opposing the reappointment of the CEO. Without support from the II for his removal then he will be reappointed. So best case is for a significant number of shareholders to vote against hie reappointment as to give me a jolt.