Alcatel Chief Is Out as Turnaround Stalls

Burning cash and reeling from cutthroat competition, Alcatel-Lucent SA said Thursday that its chief executive will step down after a transition period to find a successor.

Some directors have been frustrated with Ben Verwaayen’s slow progress in turning around the telecommunications equipment maker, one person close to the board said. Another person said the decision was mutual and that Mr. Verwaayen had managed to stabilize the company. The company is searching for a replacement, and Mr. Verwaayen plans to stay on until one is found, Alcatel-Lucent said.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »