UK: Galley gives testimony on removal of Lennard from Unilever fund
On her fourth day of testimony, the co-chairman of Merrill Lynch Investment Managers revealed that she told Anglo-Dutch consumer goods giant Unilever about the removal of its pension fund manager Alistair Lennard 24 hours before he was informed. Carol Galley, known in city circles as the Ice Queen, told London's High Court that she had coolly informed Unilever's chief investment officer, Wendy Mayall, in May 1997 that Lennard was to be axed from his position, just three months after a review of his performance was initiated in February.
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