Tuesday, 17 July 2012

Turkey’s CarrefourSA – sale or no sale? | beyondbrics

To paraphrase Oscar Wilde, to lose one board member may be regarded as misfortune; to lose four looks like – if not carelessness, then certainly a sign of something being seriously amiss.

And when the chairman and three other board members at Carrefour’s Turkish affiliate abruptly resigned on Monday, they left little doubt about their views on the matter:

“Since we have not received the necessary support and assistance from Carrefour, we realised our presence on the board would no longer be beneficial and decided to resign.”

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