It’s el­e­men­tal for Cax­ton

Finweek English Edition - - COMPANIES & MARKETS -

ONE OF THE MORE in­ter­est­ing bits of com­men­tary in the lat­est re­sults from un­listed in­vest­ment com­pany (see page 34) is a con­tention that the staff share in­cen­tive scheme of me­dia gi­ant Cax­ton might have been un­law­ful.

If El­e­ment One is cor­rect – and if the scheme is set aside – one of the con­se­quences would be that just more than 8% of the listed Cax­ton shares un­der con­trol of the con­trol­ling con­sor­tium would fall away. El­e­ment One would then not just be hold­ing a ma­jor stake in Cax­ton but also a po­si­tion of con­sid­er­able in­flu­ence.

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