It’s not easy to become such a big-boy in a huge company.

After weeks of intense pressure to resign over an insider trading scandal, the chief executive of Airbus’ parent company EADS, Noel Forgeard, has stepped down.

He is accused of deliberately selling shares in the Franco-German company just before it announced a delay to its Airbus A380.

When the problems were made public last month, shares fell by 26 per cent.

Forgeard says he sold the shares in March and was unaware of the delays until April but his protestations of innocence failed to cut any ice with shareholders.

He will be replaced by fellow Frenchman Louis Gallois, head of the French state railway company, SNCF.

Via Euronews

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