Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Andy Bird"


6 mentions found


Pearson’s pricey CEO will rile shareholders
  + stars: | 2023-09-20 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Sept 20 (Reuters Breakingviews) - Pearson (PSON.L) is baiting shareholders with its choice of new CEO. The 57-year-old will receive 13 million pounds’ worth of cash and restricted shares on top of his normal pay as compensation for leaving Microsoft. Such generosity is questionable considering that in April nearly half of the London-listed company’s shareholders voted against a pay package of more than 8 million pounds for Bird. Despite its greater digital focus, Pearson’s revenue is expected to flatline over the next three years, LSEG forecasts show. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Pearson, Andy Bird, Omar Abbosh, There’s, Aimee Donnellan, Bernie Sanders’s, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Microsoft, Disney, X, Thomson Locations: London
Omar Abbosh, chief strategy officer at Accenture, speaks during the annual Cyberweek conference at Tel Aviv University, Israel June 20, 2016. Abbosh, 57, will take over the reins early in 2024 from Bird, 59, whose strategy of selling directly to consumers helped Pearson out of a tumultuous few years during the pandemic. Shares in Pearson were down 5.2% at 838 pence in morning trading in London. Bird sought to sharpen Pearson's focus to selling directly to consumers and away from traditional educational outlets as the pandemic boosted demand for online learning. Pearson would compensate Abbosh for leaving Microsoft, including cash and an award of restricted shares equivalent to a maximum of 50,813 Microsoft shares or about 13 million pounds ($16.06 million) at the current price and foreign exchange rates, it said.
Persons: Omar Abbosh, Amir Cohen, Bird, Pearson, Andy Bird, Abbosh, it’s, Hargreaves, Sophie Lund, Yates, Yadarisa Shabong, Eva Mathews, Janane Venkatraman, Jason Neely, Bernadette Baum Organizations: Accenture, Tel Aviv University, Israel, REUTERS, Microsoft, Pearson, Apollo, Microsoft's Industry Solutions, Walt Disney Co, British, Thomson Locations: Abbosh, Bird, London, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPost-pandemic drop-off in our virtual schools business is less severe than expected: Pearson CEOAndy Bird, CEO of Pearson, discusses the company's first-half results and the future of education.
Persons: Andy Bird, Pearson
That would represent a 28% jump on the 456 million pound adjusted operating profit it posted for 2022, as demand for the tests its provides for qualifications in healthcare and English language learning increases. He added that Pearson was a long-term user of AI as it detects cheating on its tests. "The group has not committed to a buyback... We note some investors may be disappointed given overall leverage remains low," said Citi analysts. Chief Financial Officer Sally Johnson told reporters on Friday that a strong balance sheet was the priority. ($1 = 0.8347 pounds)Reporting by Paul Sandle; Writing by Sarah Young; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacroeconomic pressures are providing opportunities in the edtech market, Pearson CEO saysAndy Bird, CEO of Pearson, discusses the company's full-year earnings, and the merits of having a healthy balance sheet in an uncertain macroeconomic environment.
Seeing strong trading across the board, says Pearson CEO
  + stars: | 2022-10-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSeeing strong trading across the board, says Pearson CEOAndy Bird, Pearson CEO, discusses how his firm is transitioning into being a growth stock as Pearson reports a 7% jump in nine-month underlying sales.
Total: 6