French establishment losing its influence

The ousting of the sitting management of Eurotunnel at a recent shareholder meeting was an extraordi...

The ousting of the sitting management of Eurotunnel at a recent shareholder meeting was an extraordinary event on several different levels. It was striking how a board that failed to find enough customers for the tunnel linking Britain with France managed to cling to power for so long. It was rare that a few maverick shareholders were able to organise a revolt that cleared out the reigning management. And perhaps the most significant aspect of the affair was this: it happened against the wishes of the French government. An isolated defeat? Well, not quite. The French government has been m...