PEARSON SHAREHOLDER FORUM: March 22, 2016 :: AFT President Randi Weingarten will address a Pearson shareholder forum today organized by the union to learn about an investor initiative that it says will "tackle the company's flawed business strategy." [http://bit.ly/1S0ComT ] Union members have a stake in the education company it often rails against because many members have pension funds invested in it.
- - Pearson defended its business practices. [http://bit.ly/1ZmclvQ] "Given that nearly half of our employees are educators and, as passionate advocates for teachers, we are surprised and disappointed at the AFT's continued criticism of Pearson." A resolution AFT supports is expected to be heard at Pearson's annual meeting in London next month and will be discussed at the forum, which starts at 4 p.m. ET.
from AFT | http://bit.ly/1Ml23tQ
Join Us at the Pearson Shareholder Forum
Event date:
Tuesday, March 22, 2016 - 4:00pm to 5:30pm
Address:
Mandarin Oriental Hotel
1330 Maryland Ave. SW
Room: Oriental B
Washington District Of Columbia 20024
United States
Contact name:
Please RSVP:
Contact email:
Why Should You Attend this Event?
Pearson is a company facing significant challenges. Its share price has declined by over 40% since last year’s AGM, and in January issued its second profits warning in three months, and its fourth under the current chief executive. In response to this crisis the board has announced a restructuring that will result in significant jobs cuts.However, shareholders should be concerned that this short-term gamble will not address the deeper structural problems in its main market, the US, resulting from the positions it has taken in relation to the education system.
Therefore Pearson shareholders are invited to a meeting organized by the American Federation of Teachers to learn about an important investor initiative to tackle the company’s flawed business strategy.
Speakers will include:
- Randi Weingarten, President, American Federation of Teachers
- A large public pension fund and Pearson shareowner
- A leading academic who has studied Pearson’s strategy
- A concerned parent
Join Us at the Pearson Shareholder Forum
Event date:
Tuesday, March 22, 2016 - 4:00pm to 5:30pm
Address:
Mandarin Oriental Hotel
1330 Maryland Ave. SW
Room: Oriental B
Washington District Of
Columbia 20024
United States
Contact name:
Please RSVP:
Contact email:
Questions? Email
pearsonres@gmail.com
Questions? Email pearsonres@gmail.com
Why
Should You Attend this Event?
Pearson is a company facing
significant challenges. Its share price has declined by over 40% since last
year’s AGM, and in January issued its second profits warning in three months,
and its fourth under the current chief executive. In response to this crisis
the board has announced a restructuring that will result in significant jobs cuts.
However, shareholders should be
concerned that this short-term gamble will not address the deeper structural
problems in its main market, the US, resulting from the positions it has taken
in relation to the education system.
Therefore Pearson shareholders are
invited to a meeting organized by the American Federation of Teachers to learn
about an important investor initiative to tackle the company’s flawed business
strategy.
Speakers will include:
- Randi Weingarten, President, American Federation of Teachers
- A large public pension fund and Pearson shareowner
- A leading academic who has studied Pearson’s strategy
- A concerned parent
PEARSON SHAREHOLDERS RESOLUTIONRequisition by members pursuant to section 338 Companies Act 2006 for notice of a resolution as set out below, to be voted on at the 2016 Annual General Meeting of Pearson PLC, and for circulation of a statement in support of that Resolution pursuant to section 314 Companies Act 2006.To the Company Secretary, Pearson PLC:We the undersigned, being 100 members holding shares in the Company on which there has been paid up an average sum, per member, of not less than £100 per member,Hereby require you, in accordance with section 314 of the Companies Act 2006, to give to members of the Company entitled to receive notice of the next Annual General Meeting notice of the following resolution, being a resolution that may properly be moved and is intended to be moved at that meeting, and to circulate to members receiving that notice a copy of the annexed statement with respect to the matters referred to in that resolution:The Resolution:THAT the Board of Directors of Pearson PLC immediately conduct a thorough business strategy review of Pearson PLC including education commericalization and its support of high stakes testing and low-fee private schools and to report to shareholders within six months.Supporting Statement:Request for a business strategy review of Pearson PLC's current efforts in education commericailizationWe believe that Pearson PLC ("Pearson" or the "Company") is suffering a crisis of confidence precipitated by a confused business strategy. The evidence is presented by our reaction to the share price, which at the last Annual General Membership Meeting (AGM) held on 24 April 2015, was trading at approximately $20.68. On 15 December 2015, Pearson stock sold for roughly $10.70.This represents a drop in price of over 40% in only seven months. This significant drop in share price calls into question the board’s efforts to address the lack of confidence in the Company.We believe that the current strategic business plan has failed to produce the profits or the potential for profits that investors need. Therefore, it is time that Pearson conducts a business strategy review.We urge you to vote FOR this resolution.
Join Us at the Pearson Shareholder Forum
Event date:
Tuesday, March 22, 2016 - 4:00pm to 5:30pm
Address:
Mandarin Oriental Hotel
1330 Maryland Ave. SW
Room: Oriental B
Washington District Of Columbia 20024
United States
Contact name:
Please RSVP:
Contact email:
Why Should You Attend this Event?
Pearson is a company facing significant challenges. Its share price has declined by over 40% since last year’s AGM, and in January issued its second profits warning in three months, and its fourth under the current chief executive. In response to this crisis the board has announced a restructuring that will result in significant jobs cuts.However, shareholders should be concerned that this short-term gamble will not address the deeper structural problems in its main market, the US, resulting from the positions it has taken in relation to the education system.
Therefore Pearson shareholders are invited to a meeting organized by the American Federation of Teachers to learn about an important investor initiative to tackle the company’s flawed business strategy.
Speakers will include:
- Randi Weingarten, President, American Federation of Teachers
- A large public pension fund and Pearson shareowner
- A leading academic who has studied Pearson’s strategy
- A concerned parent
Join Us at the Pearson Shareholder Forum
Event date:
Tuesday, March 22, 2016 - 4:00pm to 5:30pm
Address:
Mandarin Oriental Hotel
1330 Maryland Ave. SW
Room: Oriental B
Washington District Of Columbia 20024
United States
Contact name:
Please RSVP:
Contact email:
Why Should You Attend this Event?
Pearson is a company facing significant challenges. Its share price has declined by over 40% since last year’s AGM, and in January issued its second profits warning in three months, and its fourth under the current chief executive. In response to this crisis the board has announced a restructuring that will result in significant jobs cuts.However, shareholders should be concerned that this short-term gamble will not address the deeper structural problems in its main market, the US, resulting from the positions it has taken in relation to the education system.
Therefore Pearson shareholders are invited to a meeting organized by the American Federation of Teachers to learn about an important investor initiative to tackle the company’s flawed business strategy.
Speakers will include:
- Randi Weingarten, President, American Federation of Teachers
- A large public pension fund and Pearson shareowner
- A leading academic who has studied Pearson’s strategy
- A concerned parent
Join Us at the Pearson Shareholder Forum
Event date:
Tuesday, March 22, 2016 - 4:00pm to 5:30pm
Address:
Mandarin Oriental Hotel
1330 Maryland Ave. SW
Room: Oriental B
Washington District Of Columbia 20024
United States
Contact name:
Please RSVP:
Contact email:
Why Should You Attend this Event?
Pearson is a company facing significant challenges. Its share price has declined by over 40% since last year’s AGM, and in January issued its second profits warning in three months, and its fourth under the current chief executive. In response to this crisis the board has announced a restructuring that will result in significant jobs cuts.However, shareholders should be concerned that this short-term gamble will not address the deeper structural problems in its main market, the US, resulting from the positions it has taken in relation to the education system.
Therefore Pearson shareholders are invited to a meeting organized by the American Federation of Teachers to learn about an important investor initiative to tackle the company’s flawed business strategy.
Speakers will include:
- Randi Weingarten, President, American Federation of Teachers
- A large public pension fund and Pearson shareowner
- A leading academic who has studied Pearson’s strategy
- A concerned parent
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