FOOTNOTES
HILARY JOFFE: Mark Lamberti is invested in Imperial but has work cut out to sell restructured form
When he took over as Imperial Holdings CEO in March 2014, Mark Lamberti declined to take a salary. Instead, he asked the company to put what he would have earned into a scholarship programme that funds university bursaries for employees’ children. And he took R100m of his own money and invested it in Imperial shares. That means that Lamberti is geared to the performance of the group and its employees in a way that other CEOs are not and that he is heavily invested in what for him is a personal project — the restructuring of Imperial that he launched not long after he took over. The motor vehicle and logistics group, which about decade ago matched another of SA’s entrepreneurial conglomerates, Bidvest on market value, had seen Bidvest jump ahead to about four times its value. Imperial had long been going sideways. The restructuring aimed to "unlock value", as the turnaround artists say. And it had to reposition the group to grow in an environment of new challenges: low growth in SA, ...
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