Global One chief resigns, clouding venture's future

Article Abstract:

Global One SA's president and chief executive Gary Forsee will resign from his posts. The resignation complicated the global telecommunications alliance's future. Deutsche Telekom AG, France Telecom SA, and Sprint Corp. are Global One's three stockholders. However, they have not reached an agreement on a serious strategy that would help the alliance become profitable. The vacancy caused by Mr. Forsee's resignation will be difficult to replace while the shareholders cannot come to terms on a strategy.

Comment:

President and chief executive Gary Forsee to resign from posts

Wired Telecommunications Carriers, Telephone Communications, Belgium, Executive changes & profiles, Telephone services, Appointments, resignations and dismissals, Forsee, Gary, Global One S.A.

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Mohn gives up control of Bertelsmann

Article Abstract:

Reinhard Mohn has surrendered the voting rights to his stock in Bertelsmann AG. Mr. Mohn consequently becomes the last in a lengthy family line of patriarchs to hold control over the German publishing group. The 78-year old Mr. Mohn had controlled as much as 90% of the voting rights to Bertelsmann's stock. However, he gave the rights to a six-member administrative board in order to guarantee the ownership succession.

Comment:

Reinhard Mohn surrenders voting rights to his stock in co

Asset sales & divestitures, Germany, Communications, Broadcasting and Telecommunications, Planning, Securities, Bertelsmann AG, Mohn, Reinhard

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