Schroders plc's (LSE:SDR) ROE of 16.7% over the past year, compared to its industry's 21.18%, indicates that investors would have been better off choosing the broader industry in terms of returns generated on their committed capital.
“Is that what Schroders plc needs right now?” Investors also expressed their disapproval. One top 20 shareholder complained of a lack of consultation, and warned Mr Dobson risked becoming a “back seat driver”.
Asset management group Schroders(LSE: SDR) has also had a tough 12 months with the share price down 13%. Like all fund managers it has been hit hard by stock market volatility, only to cash in on the post-Brexit market rebound bonanza.