Financial Woes Rock Quebecor’s World —Michelson

IT WASN’T a very joyous holiday season for Quebecor World, North America’s second largest printing conglomerate. CEO Wes Lucas departed—fresh on the heels of his company’s plan to sell its 18 European facilities to The Netherlands-based RSDB Group for $341 million ultimately being voted down by RSDB’s shareholders in December and Quebecor World pulling the plug in late November on a refinancing plan to issue more shares due to weak market conditions.