back to article Cable & Wireless boss falls on sword

Cable & Wireless head honcho Jim Marsh has quit following the telco's third profit warning in the last year. The telco said sales in the opening 10 weeks of its fiscal 2012, which boost margin growth later in the year, were below forecasts and a skinnier sales pipeline indicated that gross margin would also fall "somewhat" …

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  1. Anonymous Coward
    Thumb Down

    Time to shake them up again

    Honestly, C&W is bloody *hopeless*. I'm actually astonished they're still around.

    Maybe it's time to go in and shake out the dead wood. Should be an interesting experience to walk into an IQ vacuum..

  2. Anonymous Coward
    Mushroom

    Value (-1)

    ..."it is now important that we take the necessary steps to ensure the future growth of our business," said Pluthero in a statement."

    He's been saying that for nearly 6 years now and, in the process, has torn the heart and what's left of the soul right out of the business, along with thousands upon thousands of jobs.

    The future of this company established in the 1800s is truly down the toilet with the share value now at virtually penny-stock levels.

    Meanwhile, John and his band of quaking 'yes man' thugs have been lining their respective pockets to the tune of umpteen millions year upon year.

  3. copyrighton

    they deserve each other

    sounds like these two companies deserve each other - money money money - lack of substance

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