Top Elektrim officials quit over scandal

Article Abstract:

The president and vice-president of Elektrim S.A., Poland largest industrial company, have resigned. It was revealed that they had promised in 1996 to sell a significant portion of the company's stake in Polska Telefonia Cyfrowa to another shareholder for a nominal price. Investors consider the resignations good for both the company and the Warsaw market.

Diversified Companies, Asset sales & divestitures, COMMUNICATION, Poland, Mergers, acquisitions and divestments, Abstract, Elektrim, Polska Telefonia Cyfrowa S.A.

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Deutsche Telekom CEO quits amid shareholder discontent

Article Abstract:

Kai-Uwe Ricke has resigned as Chief Executive Officer of Deutsche Telekom AG of Germany because of shareholder discontent. The telecommunications company is experiencing increased market competition from smaller telecom startups. Mr. Ricke is succeeded by Rene Obermann.

Germany, Appointments, resignations and dismissals, Deutsche Telekom AG, Ricke, Kai-Uwe

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Cable & Wireless cuts staff in U.K., adds in Asia

Article Abstract:

Cable & Wireless PLC of the United Kingdom is cutting jobs in its home market to approximately 3,000 employees and focusing on a few major corporate clients. The telecommunications interest is increasing staff and investment in Asia.

Asia, Personnel administration, United Kingdom, Human resource management, Company personnel management, Cable & Wireless PLC

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