Wall Street cheers chief's departure...
Published: 18 June 2002 09:15 GMT
Shares in troubled Qwest Communications surged 20 per cent yesterday after the company's chairman resigned.
Joseph P. Nacchio made more than $100m last year in salary and stock sales and could be in line for a tidy severance package.
Reports in the press yesterday suggested Nacchio was forced to resign by members of the board following the company's poor financial performance
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