Messier hangs on to Vivendi chairmanship. (Finance).(Jean-Marie Messier, Vivendi Universal S.A.)(Brief Article)
Multichannel News, July, 2002 by Farrell, Mike
Vivendi Universal S.A. chairman Jean-Marie Messier sank deeper into hot water last week but managed to emerge relatively unscathed after his board of directors gave him an unexpected vote of confidence. Messier, under intense scrutiny during the past few months as Vivendi's share price has plummeted, appeared to be on his way out the door earlier last week after LVMH Moet Hennessy Louis Vuitton chairman Bernard Arnault, one of his most loyal supporters, resigned from the board.
Arnault, who had defended the beleaguered Vivendi chairman in the past, apparently had had enough of Messier's tendency to reverse his own corporate decisions. With Arnault gone -- the fifth Vivendi board member to step down in the past two months -- analysts had all but...
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