LucasVarity controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1998
Controversy over proposed United States relocation
Management's attempt to move LucasVarity's head office and primary listing to the United States was rejected by shareholders. The proposal attracted criticism that directors could benefit from the higher executive compensation associated with United States listings, and chief executive Victor A. Rice faced criticism from investors and British media.