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Alcatel’s CEO, chairman quit

From Times Wire Services

Alcatel-Lucent, the world’s largest supplier of fixed-line phone networks, said Chief Executive Patricia Russo, 56, and Chairman Serge Tchuruk, 70, quit as the Paris company reported its sixth straight quarterly loss.

Russo and Tchuruk were the architects of Alcatel’s 2006 purchase of Lucent Technologies Inc., creating a company that has never earned a profit and lost 62% of its market value.


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