The head of Telecom Italia has said he will resign if a US hedge fund wins a power struggle this week with French telecom giant Vivendi, its largest shareholder, according to reports in Britain.
Amos Genish, director and general manager of Telecom Italia (TIM), told the Daily Telegraph his position would become "untenable" if Elliott, a fund that holds an 8.8-percent stake in the company, succeeds in shaking up the board at a Friday shareholders meeting.