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Kubilius threatens to sack Leo LT management

Dec 19, 2008
TBT Staff in cooperation with BNS

VILNIUS - Lithuanian Prime Minister Andrius Kubilius has threatened to replace the management of Leo LT, the national energy company, if it does not comply with the government's wishes not to raise the rates on services. "Decisions on essential strategic questions are taken by shareholders in any business. Irrespective of whether it is large or smaller business, or business, in which a large stake is controlled by the state. If the administration of such business disagrees with that, shar ...

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