Pressure grows on Pearson over pay row, while sales steady

PEARSON reported some improvement in sales today, but a row over executive pay and an impending management shake-up continue to dog the company.

The education publisher saw overall sales tumble 14% in the nine months to September, but global online sales also grew 14%.

Sales in the third quarter fell 10%, an improvement on the 28% fall in the second quarter.

John Fallow, the chief executive to be replaced by Andy Bird next week, said: “Our digital performance is very strong, as we support customers and learners around the world as they shift to fully online and hybrid learning. This has been a challenging transformation for all of us but we are starting to see the benefit of all our work to ensure Pearson becomes the winner in digital learning.”

A third of shareholders have voted against the pay deal offered to Bird, a former Disney executive. He could qualify

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