A white-hot meeting of the board of directors of Tim (formerly Telecom Italia) is announced for today. In the spotlight is CEO Amos Genish, who in recent days has not sent word but has openly accused some members of the board (those of Elliott extraction who have had the majority since April) of rowing against the company and of spreading unfounded news that harm the whole group.
It is obvious that the members of the Elliott extraction board expect the retraction or at least an explanation on the exit of Genish which however appears unlikely. Genish will go straight but it remains to be seen whether he prepares the way for his resignation or counts on the return to command of Vivendi, who has never given up on regaining control of the largest Italian telephone group and who is meditating a counter-offensive, taking advantage of the fact that the shareholding of the Elliott fund has been decreasing due to the combined provisions of the exercise of call and put options.
It will also be important to understand how Tim's first quarter of the year really went, on which negative news has spread in recent days that probably made Genish nervous
