The company’s employees are currently paid exclusively in cash as salaries and retirement benefits.
By
Victor Juma
Business Editor
Nation Media Group
Diversified trading firm Car and General (C&G) is set to scrap its dormant employee share ownership plan (Esop) as it considers an alternative remuneration scheme to motivate its staff.
"We think investors were hoping for a more aggressive buyback stance," said Catherine Seifert, analyst at CFRA.
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The share of portfolios in cash fell to a record low 3.3% in December, according to the bank's Global Fund Manager survey.
This stock has stalled out since July alongside a lack of positive earnings revisions.
