Now T-Online loses CFO
Print storyAnd that made three
Posted in Data Networking, 27th September 2000 16:28 GMT
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Dear oh dear oh dear. It's a trickle then it's a flood. It looks like the rumours that T-Online's entire board would resign over Ron Sommer's (CEO of parent company Deutsche Telekom) interference may well be true. Having already lost chairman Wolfgang Keunje "for personal reasons" (isn't everything personal?) and marketing chieftain Ralf Eck, the CFO Christian Hoening has now walked out the door.
He's been swiftly replaced mind by the former assistant to Deutsche Telekom's FD, Rainer Beaujean. Hmmm. The question is: how long can DT behave like Stalin before commercial pressures start pushing back? On the news, T-Online share price dropped over 5 per cent - unsurprising when you consider Hoening was the man that masterminded the company's huge IPO. DT's share price slipped half a per cent. ®
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