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Costa Cruises has been informed that today at 10:39, Italian time, a fire developed on board Costa Allegra in the engine room, the local electric generators located at the stern. procedures and the system of fire board were promptly activated and the special brigades of the board have occurred, the fire was extinguished and did not extend to any other area of the ship.
FORBES: Fire Breaks Out on Costa Cruise Ship, Vessel Adrift in Indian Ocean
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It is difficult for management to admit their mistakes (they are human, and we are not good at that), and for the board to fire current management while the company is increasing its revenues and earnings.
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Morgan Stanley's share price rose on Friday April 29th, with rumours that the board would fire Mr Purcell during a weekend meeting, then fell sharply on Monday when Mr Purcell, yet again, received his board's endorsement.
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