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Mikhail Khodorkovsky, head of the Russian oil giant Yukos, arrested and jailed last week on charges of fraud, has resigned as the company’s chief executive. Yukos shares rose by almost four per cent on the back of the news. Shares ended the day up 12 per cent at £7.50. The crisis has produced much uncertainty… Read more »
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James Murdoch was nominated as satellite broadcaster BSkyB’s new chief executive yesterday, risking the wrath of disgruntled shareholders. With media mogul Rupert Murdoch as Sky’s chairman and his 30-year-old son at the helm, shareholders are worried they will see their interests being ridden roughshod over by the News Corporation team. Mr Murdoch will have to… Read more »
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