Vodafone Boss Defended in the Face of Pounds 14.9bn Losses ; Outgoing Chairman Praises Chief Executive
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Summary
THE outgoing chairman of mobile phone giant Vodafone robustly defended its chief executive yesterday after shareholders expressed concerns over his leadership.
Arun Sarin has come under fire for poor judgment in the face of slowing revenues growth in the firm, which in May announced losses of pounds 14.9bn after a pounds 28bn write-down on the value of its as sets.See the full content of this document
Extract
Vodafone Boss Defended in the Face of Pounds 14.9bn Losses ; Outgoing Chairman Praises Chief Executive
Asked by shareholders when Mr Sarin would quit, Lord MacLaurin said: "There is no ...
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