PrintJuly 17, 2007
Airbus Takes a Baby Step Forward
It took no less than a summit meeting between the heads of the German and French governments to accomplish, but Airbus and its parent EADS have finally eliminated the ridiculous practice of having matching French and German co-chairmen of EADS and co-presidents of both EADS and Airbus itself. As Spiegel Online International exulted, "Now the Franco-Germany company will look more like a normal firm, with a mere one CEO each at EADS and Airbus."The official EADS press release puts a decided spin on the process, as if Airbus were run by its shareholders and management and no politics were involved, and it was just a coincidence that the summit meeting, held in Toulouse, France where Airbus has its headquarters, happened at the same time as the change:"EADS shareholders have decided - together with the EADS management team - to modify the company's current management and leadership structure. Guiding principles of the modification are efficiency, cohesiveness and...(Read Full Article)
