Feb 23, 2008

Ironic news item of the week

From news item

Britain's Management Consulting Group Plc (MCG) said its chairman, chief executive and finance director had all resigned following pressure from investors, boosting the company's shares on Wednesday.

MCG will seek to name a new CEO "in a matter of weeks, not months," Giles added.

The company added in a statement that Chairman Rolf Stomberg and Finance Director Craig Smith had also resigned.

"We are hoping for a more effective management," Gartmore's Media and Public Relations Head Kimberley Robinson said earlier.