St James’s Place is scrapping glitzy staff meetings to repair its image
St James’s Place has scrapped glitzy staff meetings in a bid to repair its image after criticism over fees and a cost-cutting move that could lead to 500 redundancies.
Britain’s largest asset manager has halted its annual company meetings in London, which include lavish dinners and guest speakers such as Bill Clinton and David Beckham. The upcoming meeting in January will take place virtually.
The FT said a spring sports holiday at the Gleneagles hotel may also be scrapped.
Cost-cutting: St James’s Place has halted its annual business meetings in London
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