back to article Telecity boss directed to the exit after a decade at helm of data centre biz

Telecity Group boss Michael Tobin has been hastily unseated from the CEO job he had held at the top UK data centre firm for more than a decade. He agreed to resign after being pushed out of the company following discussions with the Telecity board. Tobin said in a face-saving statement to the City that "the board and I agree …

  1. Anonymous Coward
    Anonymous Coward

    Legal fees

    That's a new one...sounds like something was being battled behind closed doors.

  2. EssEll
    WTF?

    £45,000 "outplacement counselling and assistance"

    Exactly what outplacement counselling and assistance is this guy going to need? He'll walk into a new job just as soon as he wants and the (up to) £45K will get trousered while he laughs up his sleeve at the shareholders.

    Something smells like week old brie...

    1. Carl W

      Re: £45,000 "outplacement counselling and assistance"

      I think the "outplacement counselling and assistance" is a legal requirement. Bear in mind that the "outplacement counselling and assistance" company is probably charging £1k+/day.

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