Valeski's legacy at Eurotel
In a series of articles based on anonymous sources at the top of
Èeský Telecom, Euro has systematically attempted to destroy the
reputation of ex-CEO Terrence Valeski of Eurotel. Readers have
learned that Valeski wasn't actually a very good manager
(because he lost market share) and was vastly overpaid (Kè 50m
per year). Valeski brought the criticism on himself by making the
huge mistake of speaking publicly about organizing a
management buyout of Telecom. The ensuing controlled leaks
have apparently had two main purposes: First, to damage
Valeski in case he joins with Vodafone or someone else to bid
for Telecom. And second, to cripple the remaining members of
his expat management team at Eurotel. There's a battle raging
over the money flows at Eurotel, and Valeski's legacy is standing
in the way of those who want their fair share. privatization
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