BAE board members under pressure following EADS merger collapse
Laura Kuenssberg
Former Business Editor
It has not taken long since the collapse of the proposed mega-merger between BAE Systems and the Franco-German aviation company EADS for the BAE board to be put under pressure.
Several major investors have reportedly written to the board demanding answers, and this morning ShareSoc, which represents the ordinary shareholder, has called for the chief executive Ian King and the Chairman Dick Olver to stand down.
The merits of the deal had split shareholders already, concerned about returns on their investments.
But the collapse of the negotiations has put an altogether more intense level of pressure on to the most senior figures at the top of our biggest manufacturer.
UPDATE** BAE has sent me this statement: