Alcatel Rules Change Threatens Russo

Eighteen months after the merger, the board wants to change the two-thirds vote required to remove a CEO to a majority

Could a simple change in corporate bylaws lead to the ouster of Alcatel-Lucent (ALU) CEO Patricia Russo? At their annual meeting on May 30, shareholders of the world's largest telecommunication equipment maker will vote on a resolution that would allow the board to remove the CEO or chairman by a simple majority vote, instead of two-thirds as currently required.

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