Amazing news today Vodafone's honorary life president (do such titles exist?)- word on the street is that the 'Newbury boys' were colluding to oust the current CEO. Poor man he came into the position to replace a man who transformed Vodafone to be a world leader in mobile communication technology. Now they are struggling in Japan; Verizon wireless has offered to buy out Vodafone's stake.
So the honarary life president was not happy with the situation - i guess he has taken this company to be personal, how else can you explain the fact that he is the Chairman of GSK.
But I'm more interested in the market performance, Sarin Arun is getting his way but the operational inefficiency and strategy has to be addressed. At the end of the day the share price had risen by 5.00% in the LSE (£129.75)
Someone told me recently that this company is a nice investment - still i'm sceptic; is it really?I hope to be proven wrong. Long term maybe but for gold diggers hit and run mentality it might disappoint.
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