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Article: High noon for Ron Sommer.
- Article from:
- Sunday Business (London, England)
- Article date:
- September 2, 2001
CopyrightCOPYRIGHT 2001 Sunday Business Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A ROW has erupted among the board members of Deutsche Telekom over whether to oust Ron Sommer, the company's chairman and chief executive.
Banking sources in Frankfurt say that Sommer has the confidence of only the slenderest majority of management board members and the departure of one of his supporters could force him out.
The revelation comes after Sommer was last week summoned to the German finance ministry for crisis talks with Hans Eichel, the finance minster. The German government - Deutsche Telekom's biggest shareholder, with a 43% stake - was anxious to know how Sommer intends to halt the slide in the company's shares, which have fallen 63% ...
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Article: Crushed by debts Can Michel Bon of France Telecom and Ron ...
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July 14, 2002 ;
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...Michel Bon, France Telecom's suave chief executive, and Ron Sommer, his counterpart at Deutsche Telekom, have spent the past few years riding the roller coaster of the telecommunications market's boom-bust cycle. Now, with their ...
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