Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Slumdog who wrote (141887)	4/26/2002 4:30:35 PM
From: H James Morris	Respond to of 164684

You might be right. PARIS -- In another move to defuse a management crisis, Vivendi Universal Chief Executive Jean-Marie Messier on Thursday promoted a popular program director to head Vivendi's French pay-TV unit. Dominique Farrugia, 39, was named chairman of Canal Plus, one of two positions previously held by Pierre Lescure, who also was chairman of the holding company Canal Plus Group until he was fired last week by Messier. Lescure's ouster and Messier's decision to bring in Xavier Couture from a rival station, outraged Canal Plus employees. Lescure is an icon of French broadcasting and well liked by his staff. But he couldn't stem steep financial losses at the channel. Farrugia's appointment is seen as a conciliatory gesture by Messier. Like Lescure, Farrugia is well liked within Canal Plus and is seen as someone who understands the company culture. In an e-mail to employees Thursday, Farrugia said Lescure was "in agreement and support" of his appointment. In other steps to solidify his management team, Messier promoted two senior executives. Philippe Germond, chairman of Cegetel Group, Telecoms International and Vivendi Universal Net, also now will oversee Vivendi's distribution and technology efforts. Agnes Touraine was named senior executive vice president for Vivendi's European business. Touraine will continue as CEO of Vivendi's publishing division.