Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Search of Air Algerie crash site continues

Read more

MEDIAWATCH

Sarkozy, Hollande and the scooter wars

Read more

MEDIAWATCH

Confusion online over Air Algérie flight

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

REPORTERS

Halal tourism on the rise

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

FRANCE IN FOCUS

WWI Centenary: the battle for Verdun

Read more

THE BUSINESS INTERVIEW

When big companies want to do good

Read more

  • In pictures: Debris and devastation at Air Algérie Flight AH5017 crash scene

    Read more

  • Video: No investigation apparent at MH17 crash site

    Read more

  • Kerry due in Paris for new round of Gaza ceasefire talks

    Read more

  • Washington Post reporter and his wife arrested in Iran

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Paris bans new Gaza protest scheduled for Saturday

    Read more

  • Fans electrify the mood as Tour de France crosses the Pyrenees

    Read more

  • LA Times wipes France off the map in air crash infographic

    Read more

  • Lithuania’s Navardauskas wins 19th stage of Tour de France

    Read more

  • French lawyer files complaint against Israel at ICC

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    Read more

  • Halal tourism on the rise

    Read more

  • Ukraine names acting PM after Yatseniuk's shock resignation

    Read more

  • BNP to pay $80 million for defrauding Dept of Agriculture

    Read more

  • Deadly strike on UN shelter in Gaza Strip

    Read more

  • Pope meets Christian woman sentenced to death in Sudan

    Read more

France

Govt to order ban on stock options and bonuses

Video by FRANCE 3 , Luke SHRAGO

Text by Marianne NIOSI , with wires

Latest update : 2009-03-27

Claude Guéant, general secretary to Nicolas Sarkozy, said on France 24 on Thursday that the government would order a ban on stock options and bonuses next week for top executives from bailed out French companies.

The general secretary to the French presidency, Claude Gueant, announced on FRANCE 24 on Thursday that the French government would issue a decree banning stock options and bonuses for executives heading companies that have been bailed out by public money.

 

“The decree will be issued next week, setting out conditions that will make handing out stock options or bonuses to companies that have benefited from state help illegal.”

 

Nicolas Sarkozy’s right-hand man also announced that the French business confederation MEDEF would from June be responsible for putting forward propositions on “sharing out value between executives, shareholders and employees”. If there are no “positive” propositions, public authorities “will take responsibility” and propose a text to the French parliament, he said.

 

Claude Gueant dismissed the possibility of taxing executives, as proposed by the US Congress, saying “the systems are not comparable”.

 

On March 19, the US House of Representatives adopted a bill that would enable a 90 % bonus tax to be levied on employees of companies that have received more than $5 billion from the state and whose earnings top 250,000 US dollars.
 



 

Date created : 2009-03-26

COMMENT(S)