Alcatel investors make it easier to replace executives

06/2/2008 | Wall Street Journal, The · Light Reading

Alcatel-Lucent shareholders agreed Friday to a proposal that will allow the company's board of directors to remove its top executives with a simple majority rather than by the previously required two-thirds margin. At the company's annual meeting, Chairman Serge Tchuruk made a case for retaining him and CEO Patricia Russo after months of repeated poor results in the wake of the Alcatel-Lucent merger in late 2006.

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Wall Street Journal, The · Light Reading

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