Mon, Dec 06, 2004
Will Step Down Next Year In Spat Over Coporate Leadership
The trouble with running a company like a marriage is the
intensity of the lovers' quarrels. So is the case with the European
aerospace consortium EADS.
Right now, the company, which also owns Airbus, is run by two
men -- Germany's Rainer Hertrich and Frenchman Philippe Camus.
French President Jacques Chirac reportedly wants to put just one
person in charge. Hertrich, according to the BBC, said, "EADS
should not be a springboard for personal ambition." This, in an
interview with the WirtschaftsWoche newspaper for an article that
will be published Thursday.
The idea of a single chief at the helm of EADS has also caught
the fancy of Airbus CEO Noel Forgeard, which did not escape
"I cannot comprehend that Noel
Forgeard, who accomplishes great things as head of Airbus, has such
little regard for the international image of the group," he said,
quoted by Reuters.
Of course, Forgeard has said in the past that he wouldn't mind
being that one person in charge of EADS.
The argument could be moot. German-based Daimler Chrysler owns a
30 percent stake in EADS and it wants things to remain just the way
Both Hertrich's and Camus's contracts expire next July. Hertrich
now says he won't renew.
Also: GPS Sat, Aero-Calendar, B-21 Raider, Boeing 777X, Tecnam P2002JF, NBAA Honors Louis Seno, Alaska-Virgin Merger EAA has reached a major milestone, as the association has surpa>[...]
Paves The Way For 60-Satellite Constellation To Deliver High-Resolution Satellite Imaging The BlackSky Pathfinder-1 satellite was successuflly launched into a sun synchronous orbit>[...]
Arriving Helo Blew Several Canoes Into A Crowd On Shore It was supposed to be the celebration of the introduction of a new program to introduce young kids to the Boy Scouts. It wou>[...]
First-Time Skydiver And Instructor Fatally Injured In August The FAA has determined that a first time skydiver and his instructor were fatally injured in an accident August 6th, 20>[...]
Balloting To Take Place From October 16 - 31 Southwest Airlines Co. has announced that the Executive Board of Transport Workers Union (TWU) Local 556, the Union that represents our>[...]