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EADS chief executive officer Tom Enders.
EADS chief executive officer Tom Enders.
(FRANCOIS LENOIR/REUTERS)

Financial Times

With CEO’s tether cut, EADS ready for takeoff

Lex is a premium daily commentary service from the Financial Times. It helps readers make better investment decisions by highlighting key emerging risks and opportunities.

If Tom Enders ever decides to quit EADS, could somebody offer him a job in Brussels? Anyone who can persuade France and Germany to agree to so many things so quickly deserves a shot at running Europe. Shareholders backed a governance overhaul at the aerospace and defence group on Wednesday that should give the chief executive officer the operational and strategic freedom he clearly lacked in the BAE Systems affair. The question now is what Mr. Enders intends to do with all that hard-won independence.