Skip to content
Home / News |

Pearson Share Price Trades Lower on Calls for Chair Resignation

Pearson office logo
Nigel F

Shares of Pearson (LON: PSON) trade around 1% lower today in London after a group of large shareholders for the resignation of Chair Sidney Taurel over the pay package offered to new CEO Andy Bird.

Formerly at Walt Disney in the executive position, Bird is yet to become Pearson’s CEO on October 19. Under the terms offered to him, he is due to receive a $1.3 million base salary.

Moreover, a co-investment opportunity will see him buy $3.8 million shares in Pearson when he officially becomes CEO.

X testing X
WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.
Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.
5.0
Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Last month, a third of Pearson shareholders voted against this deal.

Pearson stock price fell 1% on shareholders dissent October 2020

Pearson share price trades around the 560p mark this morning after gaining 4.48% on Friday.

PEOPLE WHO READ THIS ALSO VIEWED:

Nigel F
Nigel F
Team Member

Nigels tiefes Verständnis der Finanzmärkte basiert auf über 10 Jahren Erfahrung. Nigel wurde bisher zweimal von der FCA (Financial Conduct Authority) autorisiert und hat in der letzten Zeit eine Finanz-Brokerage Firma besessen und verkauft. Er liefert hochaktuelle Analysen und Einsichten in die Finanzmärkte und in die allgemeine Wirtschafts- und Währungspolitik des Vereinigten Königreichs, der USA, Europas und Asiens.