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Showing posts with label Board. Show all posts
Showing posts with label Board. Show all posts

Monday, June 24, 2013

The Board of Directors of Dell returns to show his refusal to Carl Icahn offer

dell

The members of the Board of Directors of Dell considered that the proposal of the popular Investor Carl Icahn to buy your company lack credibility.

The aforementioned Council has indicated in a letter to the Commission of the market of values of United States (SEC), which Icahn has not yet shown as carry out an operation of such magnitude, but neither has explained how will be the management of the same.

In that regard, the Council believes that it has not been able to achieve the necessary financing for the project nor has rinse where you will get the money to make it reality.

The document also criticizes the inconsistency shown by Icahn in its proposal, and is known from the Board of Dell, they are willing to negotiate with other potential candidates that offer a more consistent supply.

Icahn, who last week joined the universe of Twitter by opening its own profile, is opposed to plans of Michael Dell privatize the company since you prefer that this follow trading on stock exchange.

Friday, June 14, 2013

The France Telecom Board is deliberating the future of CEO

FranceTelecom

After the investigation into a possible case of fraud put up against the leader of the operator, its continuity in the mandate is in the air.

The future of the Chief Executive of France Telecom, Stéphane Richard, remains in suspense since last Monday came his pre-trial detention by a possible case of fraud during his time as an advisor.

The judicial investigation launched against Richard aims to clarify the role of the CEO in the case of arbitration between the entrepreneur Bernard Tapie and the French Bank Crédit Lyonnais.

We have studied the possible illegality of the compensation of EUR 403 million which charged Tapie.

The Board of France Telecom, the fourth largest group of telecommunications in Europe, whose 27% is still owned by the French State, will meet in the coming days to discuss the fate of Richard.

The verdict that the Government offer of President François Hollande probably will determine the outcome, while the State has only 3 of the 15 seats in the Executive, according to sources familiar with the management of the company have said to Reuters.

Digital economy, Fleur Pellerin, Minister said that the Government must decide "If the decision of the judge (to put it under investigation) is an problem so that Richard will remain in his post", and added that talks between the members of the Board are ongoing.

"It's rating if the judicial decision has disabled him," explained Pellerin.

For his part, Stéphane Richard has denied the accusations and France Telecom did not want to comment.

So far investors of the company have been taken calmly this issue, which does not seem to be too affected by the Group on the stock exchange.

France Telecom had just announced a new strategic step by adopting the Orange brand for all its operations. The objective is to become a global player in the digital age and to project its financial evolution.