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France to cap top pay in state groups

By: Decomposed in ROUND | Recommend this post (0)
Thu, 31 May 12 1:52 AM | 45 view(s)
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This is, obviously, a goal of America's liberals too. They're insanely bitter toward the successful. Make America more like France. You hardly ever find those bastards there! 

May 30, 2012 7:02 pm

France to cap top pay in state groups

By James Boxell in Paris


France’s new socialist government has launched a crackdown on excessive corporate pay by promising to slash the wages of chief executives at companies in which it owns a controlling stake, including EDF, the nuclear power group.

In a departure from the more boardroom-friendly approach of the previous right-of-centre administration, newly elected president François Hollande wants to cap the salary of company leaders at 20 times that of their lowest-paid worker.
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Mr Proglio earned €1.6m last year – 65 times more than his lowest-paid worker.

The government also wants to pressure other companies in which it owns a stake to follow its lead, even though it has no legal power to force such a change.

France is unusual in that it still owns large stakes in many of its biggest global companies, ranging from GDF Suez, the gas utility; to Renault, the carmaker; and EADS, parent group of passenger jet maker Airbus.

More: http://www.ft.com/intl/cms/s/0/0e1b6b50-aa79-11e1-9331-00144feabdc0.html#axzz1wOMsJqpx




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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