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The commune of Ixelles and its inhabitants 77As the companies to pay dividends to each otherSince 2006 he receives a pension hat of 583But a page is turned on the twodigit growthDo not search for his personal collectionIt devoted its work to the ethical responsibility of companiesWe therefore offer the broadest and most relevant is in telephony000 bretons Norman Auvergne savoyards However the publication thereof shall cease to be adjournedThey can be very numerous and contradictoryNew shot of anger of Nicolas Sarkozy, scandalisées statements of the Government, parliamentary initiatives in any sense to legislate... The weekend will be very agitated on the remuneration of company bosses. It is the allocation of new stock to the leaders of the Société Générale who set fire to the powder. "Indecent" and "a little contradictory" s corruptions with the code of conduct published in the fall by the Medef and the French Association of private companies (Afep), has insisted the spokesman of the Government, Luc Chatel. There must be "or scapegoats, or exempt from effort" in times of crisis, warned the Minister of labour, Brice Hortefeux.
Yesterday, Christine Lagarde, for his part, delivered in question the principle of stock options. "Is a mode of remuneration which has lots of weaknesses, she said on Europe 1, when the shares fall, employees who have received are a little cheated, and when shares go up extraordinarily, it is an increase in the remuneration which is not always justified", as stock market prices often have "little relations with actual performance" of the company. The Minister of economy decided to discuss it with the employers and trade unions, to determine if this form of compensation is "effective and moral". The idea is to find an agreement to put an end to the scandals. However, she will accused, "If you must use the Act, be by law", if by "road tax".
Globalize the debate
Faced with the heaviness of the social climate, the President of the Republic reiterated from Brussels where he was on the move Friday, how much it deemed "unacceptable" "bonus, plans, stock options and exceptional remuneration", when the company uses a social plan or benefits from public aid. "Obviously, some have difficulty understanding," he told.
In response to the attitude of Société Générale, Nicolas Sarkozy clearly wants to drill out the debate. Until then, indeed, he had sought and obtained the abolition of bonuses, i.e. the variable part of the remuneration, for patterns having obtained the assistance of the State (for the most part, those of the Bank and the automobile). Then, the Government had launched an ultimatum to the Medef to another deposit is given to all leaders here to 31 March: no bonus where "massive partial unemployment" or economic dismissal.
Among the members of the majority, the Lépine contest has been re-ignited. The Secretary General of the UMP, Xavier Bertrand, threat to transcribe the Afep-Medef code in the Act, as he did when he was Minister of labour. Very close to the head of State, Christian Estrosi goes far away. If Medef proposed nothing before the end of the month, he promised yesterday on France 5, the presence of the remuneration Committee employees will become "mandatory" and a ceiling will be imposed on leaders of the companies aided by the State, "which could be 40,000 euros a month for example.
"Wage dividend."
For its part, the spokesman for the UMP, Frédéric Lefebvre, hopes to return to the load on his concept of "wage dividend", which would give a variable remuneration to employees if their business profits. Jérôme Chartier, he is working on a legislative proposal to increase the taxation of stock options issued in the first half of 2009.
Finally, in the collective budget adopted late last week, the rapporteur-General of Budget, Gilles Carrez, did vote unanimously an amendment obliging banks aided by the State to clarify their policy of stock options and free shares.
