DAVID HAFFENREFFER, CNN ANCHOR: A Trans-Atlantic culture clash to report: The chief executive of TerraLycos, Bob Davis, is quitting.</s>CHRISTINE ROMANS, CNN ANCHOR: Lionel Barber, news editor of the "Financial Times," joins us from the "FT"'s London newsroom. Tell us about this.</s>LIONEL BARBER, NEWS EDITOR, "FINANCIAL TIMES": Well, what we have is Bob Davis who is the U.S. head of this group Terra, the Spanish group and Lycos in America. And he's really fallen out as a result of a bordering clash we're reporting in today's "Financial Times" within Terra. And the Spanish group looks like it's going to exert control. Now, I think that there is -- there are definite culture clashes here. But the point -- question I would ask is whether it was ever sustainable to run a group with a U.S. CEO which who still had the power and the culture largely in Spain. And, Mr. Davis, who is very much alive with Mr. Villalonga, who's the head of Telefonica, a crucial element in Terra, he resigned last year. And once Mr. Villalonga went, I think Mr. Davis was probably a little bit on the skids.</s>HAFFENREFFER: All right, interesting story. Lionel Barber, news editor at the "Financial Times." Thanks for joining us.
'Financial Times': TerraLycos' Davis 'Fallen Out As A Result of A Bordering Clash'