Hostile take-over attempt

As he was about to retire, the CEO and majority shareholder of a company richly endowed with patents picked his successor from his main competitor. The new CEO initiated a development strategy diametrically opposed to his predecessor’s, growing the company through expensive acquisitions. Due to the new CEO’s reputation in the industry, the owner of the company avoided stepping in until he realised the company would soon be bankrupt.

Investigations carried out by InfoForce showed that the new CEO was still in touch with his former employer. He had in fact taken the job with his former employer’s approval. The objective was to push the company as close to bankruptcy as possible before purchasing it at a bargain price. The owner and former CEO resumed his position and looked for another successor.

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