Many modern chief executives seem to have developed a canny knack of getting out just before their business takes a turn for the worse. Terry Leahy at Tesco is an obvious example of this.
So, when the long-standing chief executive of Aggreko (LSE: AGK), Rupert Soames, announced that he was going last Friday, the company’s shares fell by 5%.
Soames has done a fantastic job at Aggreko over 11 years. Under his leadership, the company has rented out increasing numbers of temporary power generators across the world, leading to booming profits and a soaring share price. Aggreko remains an [...]
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