Lonrho Faces Life Without Tiny
IN A BITTER BOARDROOM COUP, Roland "Tiny" Rowland finally was ousted Nov. 3 from Britain's Lonrho. Led by Dieter Bock, a little-known German developer recruited by Rowland as his co-chief executive in 1992, the move could presage a radical makeover of the $4.4 billion company. Investors pushed Lonrho's shares up 11%, betting Bock will focus the sprawling Anglo-African conglomerate by selling off everything but its hotel, agricultural, and mining interests. Some even hope the 54-year-old tax lawyer will break up the empire.