Alcatel-Lucent CEO Patricia Russo and Chairman Serge Tchuruk are stepping down from the company they merged together, as it reported its sixth straight quarterly loss. Paris-based Alcatel-Lucent said today that it lost $1.7 billion last quarter. Its shares are down 62 percent since the merger of France’s Alcatel and U.S.-based Lucent in November 2006. (Bloomberg)
The bottom line
July 29, 2008
Try 4 Risk-Free Issues of The Week magazine.
of The Week magazine.