It’s Not A Wonderful Standard Life
EXECUTIVES attending Standard Life’s first annual meeting as a listed company were met by fierce criticism from staff and unions, not to mention a man in a cat suit.
The protesters were livid over the company’s decision to end its 80 years as a mutual, claiming that the new plc-style Standard Life had rewarded company executives at the expense of the majority of its staff.
However, the likelihood is that chief executive Sandy Crombie won’t be bothered in the slightest by all the kerfuffle, as the company’s share price has increased by almost 50 per cent since the flotation last year.
Outside the meeting in Edinburgh, more than 20 union members from Amicus protested about Standard Life’s failure to recognise the union, with one protestor donning an ‘hilarious’ fat-cat suit and thus giving us all a lesson in the art of subtle humour.
Laughed? Almost…
Up to 700 Kwik Save employees look set to lose their jobs after the supermarket chain closed a third of its stores across the UK.
Posted: 30th, May 2007 | In: Money Comment | TrackBack | Permalink
