Don't miss

Replay


LATEST SHOWS

FASHION

Paris Men's Fall/Winter 2015, freedom of speech triumphs

Read more

BUSINESS DAILY

Davos 2015: Businesses 'cautiously optimistic' in Japan

Read more

MEDIAWATCH

Twitter storm as IMF boss Christine Lagarde hails Saudi King Abdullah as 'strong advocate of women'

Read more

EYE ON AFRICA

DR CONGO: Senate amends controversial constitutional law

Read more

THE WORLD THIS WEEK

Pope Family Planning: Heated Debate over Pontiff's 'Rabbit' Comments (part 2)

Read more

THE WORLD THIS WEEK

Saudi King Abdullah Dies: Succession, Stability and Youth in Question (part 1)

Read more

FRANCE IN FOCUS

France tackles terror

Read more

THE BUSINESS INTERVIEW

Jean-Pascal Tricoire, CEO of Schneider Electric: 'France is on a better track'

Read more

DEBATE

Davos debate: Can big business agree on climate deal? (part 2)

Read more

Live from the newsroom, we provide an overview of the stories making the French and international newspaper headlines. From Monday to Friday at 7.20 am and 9.20 am Paris time.

IN THE PAPERS

IN THE PAPERS

Latest update : 2012-01-20

Hypocritical Super-Rich or Flagging Giants?

The Independent attacks the "moralising hypocrisy" of the super rich, but the Economist says the corporate elite are not as powerful as we think they are. And as the Keystone XL pipeline deal from Canada to the Gulf of Mexico is dropped, the papers wonder if Barack Obama is standing up to Big Oil, or simply putting a controversial plan on hold until the electoral winds blow over.

The Independent says the British public has had enough of corporate greed and bankers blessed with bloated bonuses. But one of its bloggers goes further to attack the super rich for their "moralising hypocrisy." His chief culprit? Bono of U2. They are among the wealthy, he says, who give to charity with one hand and set their companies up in tax havens with the other, depriving governments of the resources they say are crucial to reducing poverty.

But the corporate elite are not what they used to be if you read this week's Economist. Looking at the 2,500 biggest public companies, it says the average job tenure for CEOs has fallen from 8 years in 2000 to just 6 and a half today. And the number of executives who chair their own boards - the equivalent of a schoolboy marking his own exams - fell from 48% in 2002 to less than 12% in 2009. "They are still paid handsomely," continues the Economist, "but it is in part a reaction to rising job insecurity."

Keystone XL was due to build an oil pipeline from Canada's oil sands right through the US, but was stopped in its tracks by the White House. The Huffington Post says Barack Obama is standing up to Big Oil, in defence of the environment. But Canada's conservative daily the National Post says the deal is not done, it's delayed. The Post says the US is far too dependent on crude, particularly from safe, secure and friendly nations like Canada, and it reckons the strong environmental stance may play well in advance of an election. The White House has reportedly said the Canadian company can make a new application for a construction permit when it works out details for a new route.

By Kyle G. Brown

COMMENT(S)

Archives

2015-01-23 King Abdullah of Saudi Arabia

'Saudi King dies, the world shudders'

INTERNATIONAL PAPERS - Fri. 23.01.15: Papers across the world focus on the passing of King Abdullah of Saudi Arabia at the age of 90. His death adds another element of...

Read more

2015-01-23 ECB

'Super Mario breaks the bank'

FRENCH PAPERS - Fri. 23.01.15: The spotlight is on European Central Bank President Mario Draghi and his decision to inject at least €1.1 trillion into the ailing eurozone economy...

Read more

2015-01-22 Turkey

'Irony is History's most beautiful weapon'

INTERNATIONAL PAPERS - Thurs. 22.01.15: The Independent interviews Turkish Prime Minister Ahmet Davutoglu, who says the "flood of jihadi volunteers" crossing into Syria to fight...

Read more

2015-01-22 counter-terrorism

French 'secularism' cracking at the seams

FRENCH PAPERS - Thurs. 22.01.15: French papers focus on a string of anti-terrorism measures outlined by the government yesterday, comments UMP leader Nicolas Sarkozy made in a TV...

Read more

2015-01-20 François Hollande

Hollande believes he's got a second chance

FRENCH PAPERS - Tues. 20.01.15: French papers focus on President François Hollande's incredible jump in opinion polls this month. His approval rating has gone up by a record 21...

Read more