Word: ducreux
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Dates: during 2000-2009
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...Europe's largest economies. But this can't-lose company did just that: €9 billion in debt and unexpectedly low tunnel traffic have whittled the stock price to as low as 32?. "The company has cash but it all goes to banks," says retired engineer Guy Ducreux, a 14-year Eurotunnel shareholder who supports the corporate coup. "The new board is a financial dream team." It had better be, if it's going to do what its predecessor could not: reduce Eurotunnel's crushing debt and its crippling costs, boost revenues and send its long-grounded stock price soaring...