Daily Archives: September 7, 2011

Andrew Hill

It’s little surprise that Spain’s industry minister should emphasise the Spanishness of Telefónica. On Tuesday, Miguel Sebastián said the important point to take from the telecoms group’s radical reorganisation was that its headquarters would stay in Spain. So far, so predictable.

What’s more extraordinary is how calmly Spanish politicians seem to be handling news that the national champion is, in the FT’s words, “to axe its Spanish division as a standalone business”. Mr Sebastián actually went on to point out that the fact that Telefónica’s newly created digital division would be based in London was a sign that the telecoms group is ever more global. Read more

John Gapper

Carol Bartz

Carol Bartz in February 2011. Image by Getty.

“Nothing in his life became him like the leaving it,” Malcolm observes of the executed Thane of Cawdor in Macbeth and the same could be said of Carol Bartz, the abruptly dismissed chief executive of YahooRead more