Latest update: 24/08/2009 

- BNP Paribas - Bonuses - Christine Lagarde - France - Nicolas Sarkozy


Sarkozy and Lagarde to call bankers to account on bonuses
By FRANCE 24 (with wires) (text)
Comments (3)

Limiting all executive salaries, bonuses and incentives in total

I hope President Sarkozy takes the following idea to the next G20 [especially in view that an international agreement on any such limit is required by the banks] :- That all public share-holder companies in the G20 be forced to limit the gross total income paid to top executives to the 10 times factor above any firm's lowest paid workers, or alternatively, that no executive or worker can earn more than the President or Prime Minister in their nation. Co-operation of all G20 nations will be required for this to occur, but if it was adopted, no one- nation picks up an advantage and the wealth produced by all workers of G20 nations will be more equitably shared.

The ordinary working person on very ordinary wages by comparision, can struggle all his or her life to gross in a lifetime, what some executives can pick up in one year. Democracies need to be more equitable.

History can be useful.

The international norm which works, is Gold. But governments really, really hate it. The French are an educated race, too much enamoured by the misdirection of the likes of André Gorz's 'Work', when they should be more informed by way of: FIAT MONEY INFLATION IN FRANCE, How It Came, What It Brought, and How It Ended by ANDREW DIGESON WHITE, LL.D., Ph.D., D.G.L. Economy Minister Christine Lagarde, should really, really acquaint herself with this book, so as to be better prepared for the voters who have.

Sarkozy.

Glad to hear he is back,thought he decided to become a recluse after his hectic running around.the trials and tribulations of dealing with the french people,they are not easily influneced by the media and broadcasters,the hazard of having an educated race.

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