Wednesday, June 14, 2006

Michelin's new chief is no revolutionary


He may be no revolutionary but he has a taste for power, he does not like having to share power as before.

Onésimo Alvarez-Moro

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The wags in Paris have dubbed it the Vinci code - shorthand for questionable corporate governance.

The recent boardroom dispute that set the chairman of Vinci against his chiefexecutive revealed more than simple personalitydifferences at the heartof the French construction and concessions group.

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