Tunnel Chief Faces His D-Day

Summary


FOR SOMEONE who seems to have spent the past two years under a state of siege, Richard Shirrefs looks composed and unflappable. Even in rosier times, it would still be tough, being chief executive of Eurotunnel.

There would still be the cultural divide between the two sides of the firm, the managers and the owners, between the British and the French to contend with, still two sets of politicians and media pundits who think the company that runs the tunnel is public property, to placate.

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Extract


Tunnel Chief Faces His D-Day

Throw in the matter of Pounds 6.4 billion of debt and hundreds of banks with a call on the business, and you get an idea of the task facing Shirrefs.

Add the fact that he is English and one prominent French shareholder has taken exception to his honour and character, falsely accusing him of rigging the voting at last year's annual meeting, engaging in an unlawful agreement with ...

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