Tue, Jun 27, 2006
May Also Scrap Traditional Powersharing Agreement
About the best thing that could
happen to Airbus's parent company, EADS, is for co-CEO Noel
Forgeard to step down... quietly. So say proposals put forth to the
French government over the weekend by the company's own
Right or wrong, it can't be denied that Forgeard has become a
lightning rod for controversy over the latest six-month delay in
delivery of A380s to some of Airbus's launch customers... a problem
made worse by the disclosure that, as rumors of the delay began
circulating... Forgeard, his family and other EADS executives sold
off huge amounts of stock while it was still at very high
Shareholders presented a number of ideas at the weekend
meeting... all of them starting with Forgeard's quick and quiet
departure. An announcement on Forgeard's future with the company --
or lack thereof -- is expected any minute.
So what will life at EADS be like once Forgeard is gone? One
idea now being considered in Paris is to end the company's
tradition of having two CEOs... one French, the other German.
Instead... proponents of the idea say the company could be run by a
German CEO and a French chairman... or vice-versa.
But that's not an idea that's likely to gain favor in either
Paris or Berlin.
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