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At 1 January this year his personal shareholding was equivalent to just 62% of his base salary.
He decided to sell his personal shareholding, and the Daily Mail Trust retained only a vestigial interest in the paper.
That's a crucial difference - Hollinger Inc is the personal shareholding vehicle of Conrad Black and David Radler.
Mr. Ambani said he was looking to sell shares in some businesses to strategic investors and increase his personal shareholding in others.
It means Lord Wolfson could earn an extra £3m a year due to his personal shareholding, or £750,000 for every quarter the special dividend is paid.
Since then £1.82bn has been wiped off the company's value, of which £1bn comes off Mr Ashley's 55 per cent personal shareholding in the firm, leaving it worth around £1.4bn.
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He had admitted using his personal shareholdings in the businesses as security for millions of pounds worth of personal loans, but failed to notify his fellow board members.
We interpret our results as indicating that CEOs of S&P 500 firms divide into two groups with different tenure patterns – "owners" (who have large personal shareholdings) and "managers" (who have smaller holdings).
Hilary Benn, the overseas-development secretary and the bookies' early favourite, struggled to secure the votes he needed because of conveniently timed press interest in some personal shareholdings that turned out to be much ado about nothing.
Richard Belfield from Willis Towers Watson supports this view, saying: "we have found that large personal shareholdings correlate with longer CEO tenure and stronger TSR performance". LTIPs are also designed to attract and retain superior talent who recognize that they will benefit financially from the growth they help create.
He muses that most media neglect his personal 37% shareholding in Husky, itself worth $10 billion, exceeding Hutchison's 35% stake.
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CEO of Professional Science Editing for Scientists @ prosciediting.com