FAT CAT

WHO REFUSED TO APROVE GSK REPORT

• THE BOARD OF DIRECTORS

• THE SHAREHOLDERS

• THE CHIEF EXECUTIVE

THE COMPANY IS IN A DIFICULT POSITION BECAUSE

• IT HAD ALREADY AGREED

• IT HAS TO DECIDE

• JEAN PIERRE WILL TAKE LEGAL ACTION

WHAT ANNOYED SHAREHOLDERS THE MOST?

• NO REWARD ON PERFORMANCE

• ANUAL SALARY

• NO LINKED TO PERFORMANCE

BADLY PERFORM EXECUTIVES ARE SOMETIMES PAID LARGE SUMS OF MONEY TO...

• ENCOURAGE PERFORMANCE

• LEAVE THE COMPANY

• STOP GOING TO THE COMPETITORS

THE CHANGE IN PUBLIC MOOD WILL MEAN THAT IN THE FUTURE...

• SALARIES FOR CEO WILL BE LOWER

• IT WILL BE HARDER TO RECRUIT CEO

• ALL EXECUTIVE PAY WILL BE LINKED TO PERFORMANCE