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Telecom Italia CEO Ousted in Surprise Dawn Coup by Elliott Board -

BNN Bloomberg

(Bloomberg) -- The sun had yet to rise over Milan when Telecom Italia SpA’s board gathered for a conference call Tuesday morning. Dialing in thousands of miles away was Chief Executive Officer Amos Genish, who had spent the last few days in South Korea and China for business. By the time the meeting wrapped up just before 9 a.m., he was out of his job. Genish was voted out by the board members representing activist investor Elliott Management Corp., who make up 10 of the 15 directors...

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