wallace
RSS wallaceNew C&W CEO to "focus on key relationships"
News The company's share price rose nearly 8 per cent on Wednesday after news of Graham Wallace's departure. Wallace is to be replaced by Francesco Caio, founder of Netscalibur and previously CEO of Italian... [03 Apr 2003]
Lastminute.com charges £27m for four night hotel stay
News In a week that has seen wrongly priced products on the web hitting the headlines, a shocked holidaymaker from London was surprised to see that Lastminute.com had charged him more than £27m for four nights in a hotel when booking a trip... [21 Mar 2003]
The silicon.com Weekly Round-Up: 14.03.03
Comment Wallace and Gromit eat your heart out: some UK boffins have invented a pair of genuinely clever trousers. But as that will take away some of the potential of the technology for retailers such as Benetton, it's about as... [14 Mar 2003]
The Ovum View: Cable & Wireless
Comment C&W hosting was, of course, originally developed under the auspices of Wallace as a standalone entity via the acquisitions of MCI hosting, Exodus and Digital Island. This was followed by the departure of CEO Graham... [27 Feb 2003]
Wallace walks from Cable & Wireless
News Graham Wallace, chief executive of troubled telecoms firm Cable & Wireless, is to leave the company. Lapthorne and Wallace agreed that Wallace's position at the telecom group had become... [22 Jan 2003]
Kat Slater and the man from Microsoft
Comment The paper approached Ms Wallace to apologise for the debacle. Ever the pro (and ever modest), he told the Round-Up: "While my colleagues find this matter highly amusing I'm rather flattered by Ms... [29 Nov 2002]
Capellas and Ricke - what the tale of two telcos tells us
Comment Can its CEO, Graham Wallace, survive the downturn? The end of the week has been characterised by two big telcos filling their top jobs. WorldCom has hired Michael Capellas, ex of Compaq (and most recently HP), while... [15 Nov 2002]
Cable & Wireless axes 3,500 staff
News Chief executive Graham Wallace said the cuts will allow Cable & Wireless to generate positive cash flow. Troubled telecoms giant Cable & Wireless is cutting 3,500 jobs from its loss-making global division, which... [13 Nov 2002]
C&W on the ropes?
News Today's FT cites sources close to CEO Graham Wallace saying the top executive is aware of the mounting pressure to cut costs further - if possible - by making more lay-offs or disposing of assets, potentially in the US. [28 Oct 2002]
UK 'fat cat' CEOs paid a mint
News Graham Wallace, CEO of Cable & Wireless, was paid £3.8m for the year, placing him ninth on the list. Wallace recently upset his shareholders with a proposed 'golden handshake' of £1.5m valid over the... [22 Jul 2002]
C&W boss faces fat cat revolt
News Graham Wallace, chief executive of Cable & Wireless (C&W), is facing a shareholder revolt over a proposed two year contract that would ensure him a £1.5m 'golden goodbye' if he lost his job. The National... [24 Jun 2002]
Cable and Wireless hits targets but sees red
News The company's CEO, Graham Wallace, said in a statement: "These full-year results are either in line with or better than the guidance we gave in our trading update in February. Cable and Wireless shares slipped this... [15 May 2002]
C&W promises to slashes costs in half
News The firm run by Graham Wallace is currently burning cash at a rate of £600m a year - a figure forecast to go up to £900m in the coming year - and is keen to show investors that it will not let its cash pile slip through... [25 Feb 2002]
Cable & Wireless takes a hammering
News C&W chairman Graham Wallace remained upbeat, reports the Daily Telegraph. Shares in Cable and Wireless have fallen to a 10-year low after the company released its third profits warning in 12 months. [21 Feb 2002]
Cable & Wireless warning could mean end for CEO
News CEO Graham Wallace told investors last year that the unit would be in the black by March 2004 and according to the Independent on Sunday, this latest warning could spark calls for his resignation. Cable and Wireless... [04 Feb 2002]
