LSE boardroom ceasefire is least bad outcome

30 Novembre, 2017, 12:38 | Auteur: Anatole Charbonneau
  • Xavier Rolet

"I can't envisage a circumstance where a CEO stays beyond the agreed period", he said.

Xavier Rolet, who has been CEO of the world's third biggest stock market since 2009, said Wednesday that he would immediately resign his position.

Hedge fund TCI has written to the board of the London Stock Exchange to say it intends to respond more fully on Thursday, after the exchange asked the fund to withdraw a call for an extraordinary general meeting.

Shares in the LSE Group fell 2% after Mr Rolet's shock announcement.

On Tuesday, Bank of England governor Mark Carney said he was "mystified" by the dispute and said it was "in the interest of all parties that clarity is provided as soon as possible".

Vegas Casino Robber's Car Found, Search for Suspect Continues
Police said they recovered the vehicle used to make the escape, a silver 2011 Chevrolet sedan with Nevada license plate 37D147. Las Vegas Metropolitan Police officers are investigating a robbery at the Bellagio on the Las Vegas Strip Tuesday.

The only supermoon of the year will appear this weekend
In the upper Midwest, Rockies, Northern Plains and the Northwest, the clouds are likely to block the sight of the supermoon . He said the Super Full Moon will be visible in the east of the night sky of December 3 after the sun sets from 6.00pm.

Global response to malaria at crossroads
In 2016, an estimated 54% of people at risk of malaria in sub-Saharan Africa slept under an ITN compared to 30% in 2010. Meanwhile, a total of eight countries in Africa recorded a greater than 20% increase in cases in 2016 compared to 2015.

David Warren, the LSE's chief financial officer, will take over as interim CEO until a successor is appointed. After an increasingly bitter boardroom battle lasting weeks the London Stock Exchange Group has announced the departure this morning of both Xavier Rolet, chief executive, and Donald Brydon, chairman. Although Mr Brydon is remaining in his post now, it has been announced that he will not be standing for re-election in 2019.

In a statement issued by the LSE on Wednesday, Rolet said there had been a "great deal of unwelcome publicity" surrounding his departure "which has not been helpful to the company". "I will not be returning to the office of CEO or director under any circumstances", he added. "We acknowledge, as I said last month, Xavier's enormous - indeed transformative - contribution to the business".

The 58-year-old became LSE chief executive in May 2009 after a career in trading that started in the 1980s at Goldman Sachs.

The exchange must chart a new course after the European Union blocked its plan to merge with Deutsche Boerse.

In a letter seen by City A.M., the board accused TCI and its boss Sir Christopher Hohn of launching "a public, concerted and highly personalised campaign" which was "calculated to upset the smooth execution of the succession plan". TCI declined to comment.

Conseillé:



Populaire

Grainger Ww INC (GWW) Share Value Declined While Bartlett & Co Decreased Position
Wells Fargo & Co restated a "market perform" rating on shares of W W Grainger in a research report on Saturday, January 28th. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link .

Donald Trump Shares Islamophobic Snuff Film With No Context or Comment
The three unverified videos retweeted by Mr Trump were posted by Jayda Fransen, the deputy leader of Britain First , which was formed by former British National Party activists.

Microsoft announces major overhaul of its Redmond campus
Microsoft said this will foster creativity and innovation. "We've focused on the cultural transformation of the company". The campus will include space for up to 55,000 employees-Microsoft now employs 47,000 people in the Redmond area.

Modi rakes up Indira Gandhi's Morbi visit to attack Congress
Parliament is meeting soon and we are going to bring that issue on the floor of the House again, Modi said. It means that every Gujarat resident has a debt of Rs 37,000 on his head.

Alfa Romeo make Formula One return after 30 years
Sauber has been in F1 since 1993 but has struggled lately, finishing tenth and last in the 2017 season which ended on Sunday. The Group's businesses also include Comau (production systems), Magneti Marelli (components) and Teksid (iron and castings).

Conte dismisses suggestions Willian could be unhappy at Chelsea
But at the same time, for a young player to play regularly, with this regularity, is not simple. He is used to this type of situations. "Don't forget, Bakayoko is a player who is very young".

Sensex, Nifty fall for second day as focus shifts to GDP data
Sentiment took a hit after North Korea test fired an intercontinental ballistic missile, ratcheting up tensions with the US. Yes Bank slid 0.7 percent after its board approved the setting up of a $1 billion medium-term note (MTN) program.

We Energies to close Pleasant Prairie plant in 2018
She added that the company plans to continue employing as numerous 158 people who now work at the coal plant as possible. They are recognizing that the future of energy is clean, local, and renewable.

America is 'fed up' with NFL national anthem protests
Just hours after Monday Night Football, Trump slammed the NFL on Twitter for being "out of control". Trump's tweets, of course, could have played a role in the declining popularity.

Former UConn Guard Ben Gordon Arrested Again, Charged With Robbery
Gordon failed to appear in court later that month, prompting a judge to issue a bench warrant for his arrest. The two men got into a dispute and Gordon allegedly put his hands on the man and threatened him.