Phoenix questions Spiegel’s ability to lead R&Q in shareholder letter
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Phoenix questions Spiegel’s ability to lead R&Q in shareholder letter

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Phoenix Asset Management, R&Q’s second-largest shareholder, has once again called for the removal of R&Q executive chairman William Spiegel in a scathing letter to shareholders.

The letter, penned by Phoenix CIO and co-founder Gary Channon, described the carrier as “not competently led”, and said this was known “internally and by key stakeholders, and this is damaging the business, which will ultimately have detrimental consequences”.

Channon...

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