In four pages this paper examines the background of man groups, board of directors, CEO remuneration, and then analyzes company social and financial positions. Two sources are listed in the bibliography.
Name of Research Paper File: TS14_TEmangrp.rtf
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commercial bias (Man Group PLC, 2002). He had come up through the company rather than as an outside having joined the company in 1987 when he was 44 years
of age as a director who had the responsibility for mergers and acquisitions (Man Group PLC, 2002). His background as a chartered accountant was seen in the responsibility as
treasurer (Man Group PLC, 2002). After five years in this position in 1992 he become the finance director, and form here climbed the ranks. In 1996 he became the
Managing Director of Man Investment Products in 1996 and in March 2000 he became the chief executive. In total the remuneration package for 2002 came to ?3,219,000, compared
to ?2,523,000 in 2001 (Man Group PLC, 2002). The majority of this was made up of bonuses due to the good performance of the company over the recent past. The
basic salary and fees came to only ?350,000, additional benefits came to ?19,000, and the bonus was a total of ?2,750,000 (Man Group PLC, 2002). In terms of interests in
shares Fink has a total interest of 4,934,920 shares. However, this also includes some non beneficiary interests, 127,500 shares, which are held Fink them in a trust of which he
is a trustee and beneficiary (Man Group PLC, 2002). Fink has stock options of 75,716 shares granted to him n the year 2002, with none existing prior to this, these
have not been exercised and have an exercise price of 924.5 pence (Man Group PLC, 2002). This can be seen as an incentive for the company to performance well and
increase in share value. 2. Board of Directors. There are 7 other members on the board of directors. Harvey McGrath is the non executive chairman. He joined the company