The reason behind Xavier Rolet’s high-profile,long-running and controversial exit now looks clearerThe great mystery of why the board of the London Stock Exchange wanted to drop Xavier Rolet as its chief executive is finally revealed. Sort of. Hed had a long innings but aspects of Xavier Rolet’s operating style were also considerable factors”, says the LSE’s circular to shareholders.
What does that mean? It means lawyers acquire been working overtime, or which has been the case at the LSE since October,when Rolet’s departure was agreed and announced as fraction of a “succession plan”. The circular – the LSE’s defence of its chairman, Donald Brydon – describes how a “negotiated document” was drawn up to deflect media inquiries. Nobody was allowed to say that Rolet had, and in fact,been told he had to go by the terminate of 2018.
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Source: guardian.co.uk