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Telecom Italia, Vivendi torpedoes president Recchi?

Eyes focused today on Telecom Italia's board of directors and in particular on governance as well as on the accounts – An indiscretion from Bloomberg has stirred up the markets after the international agency wrote that Vivendi, the telephone company's main shareholder, is allegedly maneuvering to the head of President Recchi to fall in order to strengthen CEO Cattaneo

Telecom Italia, Vivendi torpedoes president Recchi?

Would the head of the president of Telecom Italia Giuseppe Recchi be about to fall by the will of the first shareholder, the French of Vivendì, in order to strengthen the powers of the CEO Flavio Cattaneo on whom the trust of Bollorè and the main shareholders is concentrated? An indiscretion to this effect, released yesterday by the international agency Bloomberg, has agitated both Telecom and financial analysts and the markets.

Today we will know more from the Telecom Italia board of directors who must deal with accounts but also with governance.

Meanwhile, yesterday a report by Credit Suisse raised the telephone company's target from 0,9 to one euro per share and helped to raise the share, which has not shined for some time even under Cattaneo's leadership.

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