If you’re still wondering what inflated the dotcom bubble, inflamed the financial crisis and ignited a series of recent corporate disasters, the answer is staring you in the face: it’s the stupidity, stupid.
TNT headquarters, Hoofddorp. Getty Images
Unless you’re an avid reader of Dutch newspapers you may have missed the mini-drama playing out behind the long-running UPS attempt to take over TNT Express, which ended on Monday when Brussels said it would block the deal.
At the height of the discussions with the European Commission last September, Marie-Christine Lombard, TNT Express’s chief executive, resigned abruptly. She went on to join competitor Geodis, a French express and logistics group, in the same role. Read more