Tesco Share Discussion Threads

[tenapen] 12/2/2017 19:48

hxxp://news.sky.com/story/barclays-outlines-plans-to-freeze-staleys-1638m-a-year-pay-deal-10765627


Barclays outlines plans to freeze Staley's £8m-a-year pay deal

By Mark Kleinman, City Editor

Barclays is proposing to freeze its chief executive's maximum pay package for the next three years in a bid to avert a repetition of the remuneration rows which dogged one of Britain's biggest lenders.

Sky News has learnt that Crawford Gillies, the board member who chairs Barclays' remuneration committee, outlined plans for a revised pay policy at a meeting with leading investors last week.

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Any comment Portside ?

[portside1] 12/2/2017 18:40

I do have info saying. Profit before tax will be over 1.3 b

[portside1] 12/2/2017 18:40

Will the merger go ahead ,Tesco as saved over 3.7b in div payments But the cash is still going out the door .Bonuses to directors have still been paid .But unfortunately the company since Lewis arrived to cut the div ,Has fallen over 20 percent yes over 20 percent downFor the last 30months he keeps saying progress So why is the share price around 20percent down The reason for the fall is simple. It's coursed by the silence And mis information ,a good CEO. Would be shouting loud and clear of progress like the CEO of aldi liddleMrw Lewis What do we get from our CEO. Encouraged what a word to use it means. We live in hope

[tenapen] 12/2/2017 15:12

Vaneric,
How can you have

"the bottom !0% of earners pay less than 1%"


Funny !

But not for the people at the bottom !

[tenapen] 12/2/2017 14:53

portside, If you don't like it 'do one'.

Go back to Barclays where the directors are honest, work for a fair wage with the wider public agender in mind !.

But you won't.

[portside1] 12/2/2017 14:48

lewis and is silence is doing more damage to Tesco than anything else

[vaneric1] 11/2/2017 12:08

Why not a maximum of £5 million and a tax rate of 40%, the financial result to the treasury and therefore to government spending on welfare would be the same.

If you look closely at taxation you will find that the top one percent of earners already pay to the treasury some 40% of all income tax collected, the bottom !0% of earners pay less than 1%

Talk of revolution always bothers me, it never works out well for the man in the street, just look at the situation in Zimbabwe, Egypt, Syria, Lebanon, etc.

[pierre oreilly] 11/2/2017 10:26

I think the courts are only interested in what's illegal. Immorality doesn't enter into it.We've seen revolutionary types of things recently - brexit and trump. Maybe time for the average person to assert his power once again to solve this and many other devisive problems at a stroke.First decided the maximum value of any person in society. The best may be worth £1m maybe £2m pa. Then just have a 100% tax rate above that, effectively a maximum wage just like we have a minimum wage. That is the starting point, then get the whole system working to implement the spirit of that desired approach.

[vaneric1] 11/2/2017 10:05

I don't think Judge Rinder does big business cases porty,.

[portside1] 10/2/2017 14:24

i may challenge them in court over payments I can afford it and will enjoy the job of doing my talking in the court .
have 4 friends who think we should . when the chair person is getting rewarded to reward them . it could be my last battle

the remuneration packages are a done deal but not done in a meeting their should be a private investor on the board . spoken to an financier he agrees with my thoughts and will help

[ladeside] 10/2/2017 13:56

Remuneration packages in general are an absolute disgrace where CEO's are concerned. We know that. Share options are part of this and are also a disgrace, we know that.

Tesco is just doing the same as everyone. If you don't like it I don't blame you, however a revolution is the only thing that will change it and posting on the Tesco chatboard will achieve the square root of zero.......

[portside1] 10/2/2017 11:10

it not that Tesco is down since lewis took the job sept 2014 when the share price was around 252p its paying out bonuses when nothing as been achieved to reward them .
nothing should be given out or stated till the performance warrants a bonus

[portside1] 10/2/2017 10:55

Tesco will not answer any questions on performance .

[portside1] 10/2/2017 10:55

info says the deal is going to fail

[portside1] 10/2/2017 10:54

Tesco only as to pay 1p in divs over the next 3 years for directors to get their bonuses , just look at the chair person of remuneration a friend of the board

the serous fraud office should investigate , 30 months and still down 20% under these directors of silence no divs but loads of free shares for the failures
roll on agm . and hit lewis with some real figures under him and he will not no the answers I am not going to allow him to know my questions have read all the results they are not good

[diku] 10/2/2017 10:47

porty...shareholders are at the mercy of the insiders....insiders own the company...if the insiders get share options then why don't the wider shareholders also get share options?....

[portside1] 10/2/2017 10:43

the remuneration committee , its fraud on a big scale to give out millions for doing nothing .

[portside1] 10/2/2017 10:41

12 May 2016
2,161,405
Nil cost option

for failure since he arrived share price down 60p no divs for 3 years under is leadership
then you look at the chairman of remuneration its fraud
no targets reached and is targets were simple

[portside1] 10/2/2017 10:35

Dave Lewis:
 
Name of scheme
Grant date
Shares in respect of which options granted
Exercise price
Exercise date/period
Performance Share Plan 2011
12 May 2016
2,161,405
Nil cost option
12 May 2019 to 12 May 2026










Performance Share Plan 2011
24 July 2015
1,566,987
Nil cost option
24 July 2018 to 24 July 2025
Executive Incentive Plan 2014
12 May 2016
939,720
Nil cost option
12 May 2019 to 12 May 2026
Executive Incentive Plan 2014
12 May 2016
469,860
Nil cost option
The earlier of 12 May 2019 or the resumption of dividend payments to ordinary shareholders, to 12 May 2026
Awards granted under listing rule 9.4.2
(buy-out awards)
24 October 2014
610,089
Nil cost option
14 February 2017 to 24 October 2024
Awards granted under listing rule 9.4.2
(buy-out awards)
24 October 2014
452,265
Nil cost option
17 February 2015 to 24 October 2024
Awards granted under listing rule 9.4.2
(buy-out awards)
24 October 2014
607,940
Nil cost option
18 February 2016 to 24

[portside1] 09/2/2017 13:38

have dead all the remuneration report for 2015/6 not one of the targets was reached
so why did they award bonuses , not one of targets set were achieved , they were even worse than the prev year

[portside1] 09/2/2017 12:31

citi bank making a killing on trading Tesco

[portside1] 09/2/2017 11:49

Stretching 2015/16 annual bonus targets were set last year in the context of significant uncertainty and volatility for both Tesco and the retail sector, at a time when nearly all key indicators in the business were on a steep, negative trend. In determining the final level of bonus payable, the Committee considered the wider performance of the Group and agreed management has reversed the negative trajectory and were making strong progress in delivering the turnaround plan. In particular, the Group has achieved increased volumes and positive like-for-like sales, reduced costs, increased cash flow, and completed significant disposals and business restructuring to strengthen the balance sheet.
As a result, financial targets for sales and operating profit, representing 80% of the bonus, were met almost fully for both Dave Lewis and Alan Stewart. In combination with strong performance against personal objectives from both of our Executive Directors (as detailed on page 55) this means the 2015/16 annual bonus will pay out at 95.7% of the maximum for the CEO and CFO respectively with 50% deferred into shares, in line with our policy. The Executive Directors believe that their remuneration should demonstrate their commitment to the business at this early stage of the turnaround. As such, for the 2015/16 bonus, they offered to defer a further 50% of their cash bonus into shares, vesting on the earlier of three years or the resumption of dividend payments. This increases to 75% the proportion of the bonus that is deferred into shares and creates a further direct alignment with shareholders through the link to resuming dividend payments and the long-term value creation opportunity of the business.
Remuneration

this is why they will pay a div in 2018 for their ends . of 2p for the full year

[portside1] 09/2/2017 11:08

it is not the shorters who are to blame it all down to the board of Tesco
they are only interested in their salaries and bonuses ,
when which is very soon when the remunerations have been given they will speak

at the agm question on dates bonuses and the leaked info of the deal and other info
will be brought to light .