Because you’re worth it

Rentokil thinks Sir Gerry Robinson is cheeky for demanding equity worth £58m plus a salary to become its executive chairman. Yet the support services group is blowing £20m to defend itself against the approach. The investment banking advisers – Greenhill and UBS – will together enjoy the lion’s share of the tab. These gargantuan fees may only be a projection. But they are embarrassing nonetheless. They suggest that Rentokil believes Robinson is a bigger threat than it has so far let on. The expe...