Julian Hofmann

One of the most common investor complaints is that management often has little real stake in a business, with the awarding of share options and long-term incentive plans largely guaranteed whatever the performance. Therefore, it is interesting to see an incoming senior manager spend an entire year’s salary in buying shares on the open market, which is exactly what the London Stock Exchange’s new chief financial officer Michel-Alain Proch has done. Proch spent £843,000 buying up a total of 9,31…