Feeds

Host Europe in Boardroom bust-up

The knives are out

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

There's a major boardroom bust-up at Web hosting outfit, Host Europe, that has led to some extraordinary revelations being made public about the internal "goings-on" of the company.

Directors published a statement on the Stock Exchange declaring that chief exec Abby Hardoon Adulayavichit, has "displayed a lack of leadership skills, consistently poor management decision-making and improper behaviour at work. His lack of contribution to Host Europe's turnover or profitability is an indication that, in the Board's opinion, Mr Hardoon is significantly out of his depth in his position."

They also claim that they have been considering dismissing Mr Hardoon for the last few months.
Why? The allegations made by the board against Mr Hardoon include a "lack of leadership skills combined with an ineffective management style and a track record of consistently poor management decision-making".

They were also unhappy with his attendance record at work.

But the one that has rocked the City is the allegation concerning the "favourable remuneration and benefits given to the directors' secretary (with whom Mr Hardoon has been having an extra-marital affair), which were unilaterally implemented explicitly against the will of all other directors and contrary to the provisions contained in the budget as approved and signed off by the Board".

This public criticism follows an earlier bid by Mr Hardoon to try and kick out the entire board, other than himself, at a shareholders' meeting next month. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.