Elliott purges TIM boardroom but keeps hold of valuable Genish

Despite activist investor Elliott leading a coup d’état in the Telecom Italia boardroom, Vivendi man Amos Genish has confirmed he will continue as CEO, providing some much need stability for the Italian telco.
Elliott’s slate of nominees for the board winning the shareholder vote is perhaps nothing we should be surprised about, though securing the continued services of Genish was a bit more tenuous. With Elliott pushing the ‘pump and dump’ strategy, decimating the