EADS' Airbus head Christian Streiff to resign?

sn-remember · Post by **sn-remember** » 10 Oct 2006, 14:08

Thank you for the title update.

Herewith the summary from the british business weekly "The Economist" dated 05th Oct.
Nice reading !

http://www.economist.com/displaystory.c ... id=8001405

smokejumper · Post by **smokejumper** » 10 Oct 2006, 14:24

Perhaps the following story might give some insight into what's really going on.

http://today.reuters.com/news/articlebu ... m=business

cageyjames · Post by **cageyjames** » 10 Oct 2006, 15:27

CX wrote:Can't believe the guy is fired...

Not fired, resigned.

However somehow this gives a hope that the A380 problems

You wonder what he saw that made him resign.

Stepha380 · Post by **Stepha380** » 10 Oct 2006, 15:32

Streiff did the bad job:
-saying what everybody thougth
-planning the restructuration

Now he is gone, but his ideas and plans are going to be used immediately.

The management structure of EADS has changed and is brighter
Enders EADS co-CEO and responsible for all EADS subsidiaries except Airbus SAS
Gallois EADS co-CEO and responsible for Airbus SAS

Maybe everything was planned from the start...

PYX · Post by **PYX** » 10 Oct 2006, 19:16

See: http://iagblog.blogspot.com/

"Tuesday, October 10, 2006
WSJ tears into EADS
Earlier we shared with you The Economist's view of the EADS mess, today its the Wall Street Journal's turn.

"More Airbus Follies October 10, 2006 Never let it be said that the folks at Airbus and the Elysée learn from their mistakes......"

smokejumper · Post by **smokejumper** » 10 Oct 2006, 23:50

Mr. Streiff's departure from Airbus may be a self-initiated resignation or a firing, OR a bit of both. An analogous situation might be something like the following:

A person is diagnosed as having a very advanced case of cancer. The doctor refers him ot a cancer specialist who tells him "Your cancer is very advanced and is spreading quickly. We need an extreme treatment of radical surgery, followed by extreme chemotherapy. This treatment will make you very sick and is very painful, but it is your only chance to survive".

The person says to the specialist "I do not want to go through this, I want a gentle treatment with no pain."

The doctor says "But this is the only treatment that will save your life."

The patient again replies "I want a no-pain treatment."

The doctor then says "This is critical for your life; unless you undergo this treatment, you will die. If you refuse, I will not sit by and be your doctor. The decision is yours."

Now, did the doctor resign or did the patieint fire him? Either way, honest opinion is disregarded in search of the easy (political) solution.

bits44 · Post by **bits44** » 11 Oct 2006, 02:50

Now, did the doctor resign or did the patient fire him? Either way, honest opinion is disregarded in search of the easy (political) solution.

What an absolutely perfect analogy, you have nailed it!

CX · Post by CX » 11 Oct 2006, 10:17

You don't need to be told 'fired' to be 'fired'. From what he said it sounds pretty clear he was forced to resign..

Post by **luchtzak** » 11 Oct 2006, 23:41

Official now: https://www.aviation24.be/article12665.html

bits44 · Post by **bits44** » 11 Oct 2006, 23:48

I have been told that Noël Forgeard is still currently employed by Airbus as a consultant, perhaps someone could confirm this. If this is true it would make this whole exercise with Management changes trite.

bits44 · Post by **bits44** » 12 Oct 2006, 05:53

It would appear the story may be true:

http://tinyurl.com/ftxqp

Stepha380 · Post by **Stepha380** » 12 Oct 2006, 10:20

bits44 wrote:I have been told that Noël Forgeard is still currently employed by Airbus as a consultant, perhaps someone could confirm this. If this is true it would make this whole exercise with Management changes trite.

It was announced when he resigned in June, quite an old story...
Don't read too many articles dealing with Airbus or you could have a heart attack, as for Viagra pills "One at a time..."

bits44 · Post by **bits44** » 12 Oct 2006, 13:58

, as for Viagra pills "One at a time..."

Damn I thought you were supposed to take a weeks supply at at time! no wonder my wife loves me so much!

I hadn't read that about Noel, it was a bit of a surprise!

smokejumper · Post by **smokejumper** » 13 Oct 2006, 14:47

It is fairly common in corporate situations that a replaced (read "fired") top executive is retained under contract. This is done for several reasons: (1) corporate hierarchy is often based on friendly relationships and they want to make the transition to new employment as (economically) painess as possible, (2) you want to keep the person on board to learn of any situations that might jump up and bite you, (3) you have some control of the person when you ar paying him so he can not give press interviews and reveal corporate insider information.

I've been "fired" or resigned from several executive positons in my 40+ year employment history and (at the executive level) have received such contracts! It sure made life easier, at least financially (not ego wise)!!

In my case, the "resignations" came about as a result of a corporate merger or business realignment. Such contracts are not given in the event of criminal or fraudulent activity.