Morrison / Ogston11 Oct 2023 09:23
Quote from the Sunday Times last week:
"David Morrison, the chairman of CPP, the publicly listed insurance giant Ogston founded before leaving in disgrace a decade ago, said he had severed ties with the millionaire. The pair had a secretive agreement whereby he served as Ogston's representative on the board in exchange for £30,000 a year."
Is this on top of the £110,000 he took from the company last year??
For doing what exactly? - apart from overseeing the share price fall by over 50% during his tenure.
He needs to go. A grubby back door arrangement with Ogston which has never been disclosed to shareholders. The FCA should be investigating this.
Ogston also needs to go, and the sooner the better - he is dragging the company down to his level by his ongoing association. The company needs to be free of these characters to be able to get on and deliver value to its other shareholders.