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Schumacher - 2 Alan Jope - 2 Terry Smith - 2 Hein Schumacher - 1 — - 1 That's - 1 Jope - 1 Nelson Peltz - 1
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Search resuls for: "Terry Smith"


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☆ The CEO of Unilever won't get a pay increase for 2 years after a backlash from shareholders
  + stars: | 2023-10-31 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
Unilever CEO Hein Schumacher will have his pay frozen until 2026.will have his pay frozen until 2026. AdvertisementAdvertisementThe CEO of Unilever won't be able to get a pay rise until 2026 amid shareholder frustration, Bloomberg reported. The board's proposed pay package was rejected by shareholders at Unilever's annual general meeting in May, per Bloomberg. That's a nearly 20% increase on the fixed pay of the previous CEO, Alan Jope, from whom Schumacher took over in July. It means Schumacher won't be eligible for a pay increase in 2024 or 2025, and his fixed pay level will be reviewed by a compensation committee in 2026.
Persons: Hein Schumacher, Schumacher, —, That's, Alan Jope, Jope, Nelson Peltz, Terry Smith Organizations: Unilever, Service, Bloomberg, Reuters, Telegraph
☆ New-look Unilever retains its old-style opacity
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +2 min
Unilever logo is displayed on Dove soap boxes in this illustration taken on January 17, 2022. Back in 2017 Unilever fought off a Kraft Heinz (KHC.O) takeover approach by pledging a 20% operating margin; now there just isn’t a target. But it leaves a question mark over Unilever’s long-term direction. And it might leave long-term critics like fund manager Terry Smith still griping about opacity. In January Smith complained that Unilever had revealed the price tag on only three of 27 acquisitions in its Beauty and Wellbeing division over eight years.
Persons: Dado Ruvic, Hein Schumacher’s, Kraft Heinz, Alan Jope, Terry Smith, Smith, Schumacher, George Hay, Peter Thal Larsen, Oliver Taslic Organizations: Unilever, REUTERS, Reuters, Kraft, X, Thomson
☆ Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz
  + stars: | 2023-01-10 | by ( Richa Naidu | Thomson Reuters | London-Based Reporter Covering Retail | ) www.reuters.com   time to read: +2 min
LONDON, Jan 10 (Reuters) - British fund manager Terry Smith accused Unilever (ULVR.L) on Tuesday of "virtue signalling" with its ethically-focused marketing, in his latest salvo against the consumer goods giant. Yet the company had recently added activist investor Nelson Peltz to its board. On Tuesday, Smith reiterated "we don’t know how well it (Hellmann's) would have grown without the (virtue signalling) 'purpose’", adding that "maybe Hellmann’s would be growing as fast or even faster without its ‘purpose'". The words virtue signalling were struck through in Smith's letter. "Shouldn’t we have some idea how Unilever and its management have performed before they are allowed to do any more acquisitions?
☆ Boxing legend Wladimir Klitschko is fighting on the front line to defend Ukraine – here's how investing legends Warren Buffett and Ray Dalio inspired the head of his $100 million family office
  + stars: | 2022-03-17 | by ( George Glover | ) www.businessinsider.com   time to read: +5 min
Insider spoke to Kostya Kovalchuk, the investing chief of Klitschko's $100 million family office. KLIWLA allocates around 35% of its $100 million assets under management to Ukraine, and invests the other 65% internationally. "Wladimir is optimistic, very entrepreneurial and always interested in meeting new people", Kovalchuk told Insider. Value investingKovalchuk allocates Klitschko's $100 million portfolio through specialist managers who better understand tech and commodities. Commodities also play a major role in Klitschko's $100 million portfolio.
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