Mon, 16/03/2009 - 09:05
Top executives at publishers Reed Elsevier and Pearson saw their salaries fall in 2008, according to accounts released by the publicly-quoted groups. Nevertheless, both chief executives of the two groups earned more than £2m in the year.
Pearson chief executive Marjorie Scardino, and top earner, made £2.1m, including a...
Thu, 19/02/2009 - 08:01
Global STM group Reed Elsevier has reported a 16% rise in sales in 2008, with revenue up to £5.3bn up by 7% without currency fluctuations. Reported operating profit grew by 1% to £901m, with adjusted operating profit up 21% to £1.4bn.
Divisionally, its science unit recorded growth of 4% to £1.7bn, its legal...
Thu, 13/11/2008 - 05:18
Reed Elsevier has reaffirmed that it is on track to deliver on its goals this year of "good revenue growth, meaningful margin improvement and strong growth in adjusted earnings per share".
Sir Crispin Davis, chief executive officer, said: “The business is on track for a very successful year and we expect to deliver Reed...
Wed, 05/11/2008 - 06:22
The appointment of Ian Smith, the former chief executive of the housebuilder Taylor Woodrow, as c.e.o. of Reed Elsevier, has come as a surprise to investors, who had expected the appointment of someone with a background in the industry, notes the Independent.
Gareth Thomas, an analyst at Collins Stewart, said Smith's appointment...
Tue, 04/11/2008 - 09:01
Reed Elsevier has appointed Ian Smith, the former chief executive of British housebuilder Taylor Woodrow, as its chief executive designate from January 1st.
He will assume the position when outgoing chief executive Crispin Davis retires from the role in March.
Reuters reports that the planned sale of its trade publications unit is...
Mon, 14/07/2008 - 07:38
Reed Elsevier, the Anglo-Dutch publisher, has started its search for a successor to long-serving chief executive Sir Crispin Davis, who is likely to retire next year, reports the Telegraph. No firm date has yet been set for Davis' retirement, although it is expected to happen around the middle of next year.
Reed declined to give any...
Mon, 31/03/2008 - 08:29
Reed Elsevier chief executive Crispin Davis was paid more than £2m in 2007, after receiving an annual bonus worth more than his annual wage. Davis' bonus was £1.3m, more than doubling his 2007 salary of £1.1m. In 2006 Davis earned just over £2m.
Davis £2.4m wage took him above Pearson chief executive...
Fri, 27/07/2007 - 07:45
Reed Elsevier is looking to sell its stake in HM Riverdeep to enable more acquisitions. According to the Financial Times, the publisher could add the proceeds of its 11.8% stake to higher borrowings in order to step up its acquisition spending.
"Sir Crispin Davis, chief executive, admitted that Reed had agreed to take the stake in...