Pearson Assessments Kishore Vakati Vice President, Enterprise Services.

Pearson investors threaten to vote against £7.4m pay award for CEO Pearson has been trying since December to replace outgoing CEO John Fallon, whose As head of Disney’s businesses outside the U.S., Bird oversaw an expansion of the entertainment giant’s digital operations and a shift in strategy to market its content directly to end-users. What Bird doesn’t bring to the nest: experience running an education organization.
Leading investors in Pearson, the FTSE-100 educational publisher, are planning to vote against a $9m (£7.4m) pay award for its new chief executive amid fury that the company has forced them into an "all-or-nothing decision" over his appointment.Sky News has learnt that Institutional Shareholder Services (ISS), an influential voting adviser, has recommended that Pearson shareholders vote against changes to its pay policy that would hand Andy Bird the lavish sum.City sources said on Wednesday that several institutions were minded to oppose the plans even though Pearson has told them that Mr Bird's appointment is conditional on the pay award being approved.The Times reported on Monday that Glass Lewis, another adviser, had come out against Pearson's proposals, and insiders said that with ISS now also opposing the company, Mr Bird's appointment could yet fall through.The newspaper also said that Mr Bird, who joined the board as a non-executive director earlier this year, had himself interviewed several candidates for the chief executive's job before throwing his hat into the ring.A number of shareholders complain that they are being "held to ransom" by Pearson, which used to own the Financial Times, after years of disappointing performance.The group was recently embarrassed by its failure to produce BTec exam results on schedule, causing uncertainty for hundreds of thousands of British students.Under its plans, Mr Bird, a former Walt Disney executive, would receive a base salary of £984,000, a potential annual bonus worth twice that sum, participation in Pearson's long-term incentive plan valued at 300% of his salary and "a one-off co-investment opportunity" worth £7.4m.He would also receive a substantial pension contribution and a £189,000 allowance for an apartment in New York.The vote at next week's shareholder meeting is binding, meaning that if the remuneration policy changes are voted down, Mr Bird would have no choice but to compromise on pay if he wanted the job.In a report to clients, ISS said the proposed co-investment award was "significant in value", adding that Pearson had not "provided a compelling rationale for [it]. He will take over the top job on Oct.

Bird, who currently is a nonexecutive director at the London-based education company, most recently was chairman of Walt Disney Co.'s international operations and was responsible for the company's businesses outside of the U.S., Pearson said.During his tenure, Mr. Bird was at the forefront of Disney's digital change, Pearson said.Mr. "Sidney Taurel, chairman of Pearson, said: "In Andy Bird, the board has identified an outstanding candidate for the role of the next chief executive of Pearson. He has also held three other CEO positions in Brazil, across different sectors. Incoming Pearson CEO Andy Bird Bird left Disney in 2018 and had been on Pearson’s radar for some time, according to Taurel. At that price, the stock had has now run up 20.8% in two days, since plunging 33.7% in five days through Tuesday. Analyst says some work to reposition Pearson is already done It increased that position to 8.5% as of July 29.“We are pleased to see the conclusion of what has felt like a protracted process,” Shore Capital analyst Roddy Davidson wrote in a note to clients.

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