Stocks were moved by people stories on both sides of the Atlantic this week, involving companies such as Disney, Shell and Worldcom.
Michael Eisner, who has ruled Disney with an iron fist since the mid-1980s was forced out of the chairman’s role by an unprecedented shareholder revolt led by one of Walt Disney’s nephews. Bernie Ebbers, former boss of Worldcom handed himself in to the FBI after being charged with the biggest fraud in US history. Shell Transport and Trading chairman Philip Watts resigned over the missing oil figures he was forced to publish about a month ago. Amidst the excitement, the FTSE 100 index touched a new 12-month high of 4,566 by this morning, before falling back to 4,546 by midday – stil...
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