Hopes Are Building for a Fightback On Offices Front ; On Property
Evening Standard - London › September 11, 2009
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Summary
SHAREHOLDER activist group Pirc this week called upon DTZ shareholders to reject the pay package of chief executive Paul Idzik at the AGM of the 5500-strong global property agents, to be held next Thursday in London.
It is not going to happen, for two reasons. First, the former chief operating officer of Barclays, who was parachuted into a struggling business in November 2008, has voluntarily cut his pay from Pounds 400,000 to Pounds 300,000. Second, the 48-year-old American is the last best hope for the French Mathy family - who own 55% of the shares.See the full content of this document
Extract
Hopes Are Building for a Fightback On Offices Front ; On Property
But the pressure on DTZ is understandable. The world's fifth- largest property agent shows up as the worst performer in the top 10 of a league table produced last week by Estates Gazette. In August DTZ filed an Pounds 80 ...
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