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Cathay Stock Returns Go From Bad to Worse Over Three CEOs: Chart
Cathay Stock Returns Go From Bad to Worse Over Three CEOs: Chart
21 Mar 2017, 06:07 PM IST
(Bloomberg) -- Led by three chief executive officers in the past decade -- Tony Tyler, John Slosar, and incumbent Ivan Chu -- Cathay Pacific Airways Ltd. shares have plunged more than 40 percent. Combining share performance and dividend payouts, the best return investors got was under Tyler: 0.8 percent. In a competitive landscape marked by the expansion of Chinese carriers and the entry of budget airlines, Slosar returned a negative 4 percent, and Chu, about a negative 7.6 percent.
--With assistance from Andrew Davis
To contact the reporter on this story: Lena Lee in Singapore at llee42@bloomberg.net.
To contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net, Lena Lee
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