Airbus CEO Resigns Under Suspicion Of Insider Trading...
The New York Times Carter Dougherty July 3, 2006 at 08:50 AM
READ MORE: Investigations
The head of Airbus and the co-chief of its parent company resigned on Sunday after the disclosure of production delays for the Airbus A380 jumbo plane and an investigation into insider trading, which together have sent its shares tumbling.
Noël Forgeard, co-chief executive of the parent company, the European Aeronautic Defense and Space Company, and Gustav Humbert, the chief executive of Airbus, stepped down under pressure from their largest shareholders, the French government and the Lagardère Group of France on one side, and DaimlerChrysler of Germany on the other.
READ WHOLE STORY
READ MORE: Investigations
The head of Airbus and the co-chief of its parent company resigned on Sunday after the disclosure of production delays for the Airbus A380 jumbo plane and an investigation into insider trading, which together have sent its shares tumbling.
Noël Forgeard, co-chief executive of the parent company, the European Aeronautic Defense and Space Company, and Gustav Humbert, the chief executive of Airbus, stepped down under pressure from their largest shareholders, the French government and the Lagardère Group of France on one side, and DaimlerChrysler of Germany on the other.
READ WHOLE STORY
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