Greidinger brothers’ outrageous plan must be voted down. Plus: the worrying rise of spread betting
You would assume a 20% family shareholding in the company you run would serve as a strong incentive to get out of bed in the morning. Not so, apparently. Mooky and Israel Greidinger, the headline acts at Cineworld, would also like a super-charged bonus scheme to restore the quoted cinema chain’s share price to its pre-pandemic status.
The blurb from the boardroom says “it is imperative we retain and motivate our highly regarded leadership team through the next phase of the company’s recovery and beyond”. Are other shareholders meant to believe the brothers, chief executive and deputy, are contemplating a change of career?