Daily Archives: September 18, 2012

Andrew Hill

Add another episode to the saga of the overworked modern chief executive: Akzo Nobel announced on Tuesday that Ton Büchner, appointed to the Dutch company only in April, will take a “leave of absence” having been “diagnosed with temporary fatigue“.

It is all reminiscent of Lloyds Banking Group’s decision to give António Horta-Osório, the UK company’s chief executive, a rest last November, to get over insomnia and exhaustion. The Portuguese CEO has since recovered – sufficiently to trounce the FT’s banking editor at tennis a couple of months ago. Read more

For BAE Systems and EADS, the European aerospace and defence companies whose courtship was revealed last week, it’s simple. Business logic will help level the political hurdles and bridge the legal pitfalls that lie in the path of their proposed union.