Shares of Veolia Environnement (VE) slumped 3.1% in French trading yesterday on reports CEO...

|About: Veolia Environnement ADR (VEOEY)|By:, SA News Editor

Shares of Veolia Environnement (VE) slumped 3.1% in French trading yesterday on reports CEO Antoine Frerot could be forced out by some board members just as the company undertakes a major restructuring plan. The U.S. traded shares could see a similar pullback today, unless investors are calmed by Frerot's open-ended response that "together we must face this destabilization attempt."