What A Time To Take Over At British Telecom

Management upheaval, aggressive regulators: Peter Bonfield faces a "bruising job"

In late December, a private ceremony took place at Fujitsu Ltd.'s headquarters in Tokyo. It was in honor of Peter L. Bonfield, the outgoing chief executive of ICL PLC, a $4.5 billion British computer company that Fujitsu acquired in 1991. Solemnly, Fujitsu Chairman Takuma Yamamoto presented the 51-year-old Briton with a sword and helmet, explaining that Bonfield-san would need all the strength of a samurai warrior in his new job.

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