Reactions to the EADS scandal have been coming thick and fast all day, with Lagardere’s boss Arnaud Lagardere threatening legal action against Le Figaro newspaper to sue for damages for what he called “unfounded accusations…based on a provisional report”.
EADS boss Louis Gallois, not implicated in the mess, is trying to stay cool in the eye of a media storm;
“It’s an enquiry that started over a year ago, and so I’m not surprised that it has produced a report. But on the content of that report I have, I repeat, nothing to stay”.
However union leaders and EADS and AIRBUS workers are furious at what’s been going on in the boardroom;
“How can we trust directors who tell us we have to apply the Power Eight plan to save the company, and then dip their hands in the till?” said one man.
Daimler Chrysler, another big shareholder accused of insider trading has said nothing, but AIRBUS workers in Germany’s IG Metall union are demanding the truth after 18 months of fearing for their jobs.