Shareholders Call for Pearson Strategy Review After 'Crisis of Confidence'
A coalition of shareholders, representing 40,000 of Pearson's voting shares across the UK and US, has called for Pearson to urgently review its business strategy due to a "crisis of confidence".
Teachers' union pension funds that invest in Pearson - including the Great Britain’s National Union of Teachers - and 130 shareholders represented by the Unison Staff Pension Fund, have petitioned Pearson to "immediately conduct a thorough business strategy review of Pearson PLC", within the next six months.
The Pearson Shareholders' Resolution, which was originally sent to the company on 31st December, cited Pearson's plunging stock prices - "a drop in price of over 40% in only seven months" - as reason to believe the current strategic business plan has "failed" investors.
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