News

Urdangarin and Consumer Power

Date Added: 02 September 2012
Urdangarin, the king's son-in-law quits Telefónica - following several disgruntled customers

Here's an example of consumer power.

For those of you who don't know, the king's son-in-law, Iñaki Urdangarin, the Duke of Palma, is in trouble for alleged corruption. It's said that the sports charity that he ran from 2004 to 2006 was used to embezzle public funds.

In spite of this Telefónica, the Spanish telecoms giant, saw fit to renew his contract worth 1.5 million annually. (If he is sent to court and convicted, will this be a case of rehabilitation preceding trial and sentencing?)

This has led to customers of Movistar, the mobile network subsidiary of Telefonica, to desert this service in droves; they didn't like the idea that they were contributing to Señor Urdangarin's somewhat substantial salary.

Now Urdangarin has decided to take an extended leave of absence so that the case against would not "have any negative result for the Telefónica group".

Maybe a bit late for that, mate!.