Member Info for Kiom

A CFO upgraded to a CEO often does not work, it is such a big jump and you only have to remember Gordon Brown as PM was a disaster to illustrate a No2 not making it as a No1.
The Chairman cannot sit on his hands much longer but I suspect he will find it very difficult to attract a suitable candidate to replace Read.
No yesterdays Disney moment for Vodafone in the very near future unfortunately.

Vod share price has declined more than 30% this year.
Is that a performance metric a Board can be proud of?
If ****nal had kept Unai Emery, would they have been 5 points clear at the top off the Premier League, I would suggest not.
You can talk as much as you want but the markets give their opinion in a brutal fashion, just ask Liz Truss.
The markets have spoken on Mr Read - not just posters to this Board.

Vodafone at below £1 is highly embarrassing for the whole Board. The Chairman, exHeneiken, needs to revive those parts of the company that income is not reaching.
They have not been able to sell their strategy to the market so the Chairman is exposed if he allows the deliverer of the strategy, Read, and who is responsible for the numbers that follow, to survive.
The whole RNS today was couched in very unenthusiastic terms and did not give any real confidence that things will change in the near future.
If the Board is not worried about the level of debt, as a previous poster stated, the market is sure as hell is.

The market has today given a clear message that they do not like this Boards strategy and do not see that they can generate any growth in the foreseeable future.
You just need to observe the declining share price over the last few years against a relatively stable FTSE 100 @ 7360. Can Read do deals in the next 6 months to survive, maybe but if I were an activist investor I would be in the Chairman’s ear ensuring he takes the necessary action to ensure his own reputation remains.

If it is not their fault and they cannot do anything about it, why pay them so much?
Part of their role is to influence the mood music about their company. Too many are complacent - the ex at Lloyds being one prime example.
It will not change until Chairman and large shareholders become much more active in demanding performance.
The market is ruthless if you disappoint - Read has disappointed the market and should pay the price.

Oh dear, oh dear. Years of decline not arrested under the tenure of Mr Read .
Time for the Chairman and the major institutional shareholders to say enough is enough.
Too many FTSE 100 companies CEO’s are failing and not worth their enormous remuneration. If they cannot create shareholder value, what is their point?

I am a shareholder here, been so for some while at an entry average of .45p so very happy with share performance. However, concerned re this news as I have seen how damaging a loss of staff moral is to a company’s performance - 2 options spring to mind i) the company has had a less successful second half and they want to show that profits have not fallen too badly at the expense of the workforce or ii) somebody has asked them not to pay it - a suitor perhaps? Anybody got a firm slant as too the reason the bonus was shelved?

Londoner7 - Do you know when the trading update is exactly due? I have looked on the Fin Diary here and also on Breedon web site but cannot see a date. I am going down under for the next month and would not want to miss it. Thanks.

The Financial Diary shows 9th March, next Wednesday. Let us hope for good news.