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While the government must disclose its decree this week anti-bonus, the issue of executive compensation and corporate coaching continues to shake the political class as well as those of trade unions and employers. In the United States, the debate has reacted Barack Obama which calls for the restriction on banks’ bosses.
The controversy on executive business continues to make waves. On Sunday, the union and political reactions were continued while the government should disclose its decree on Monday anti-bonus. We learn at the same time, according to the Journal du Dimanche, the boss of developer Nexity, Alain Dinin, would in turn give up his bonus and stock options.

Side of the Socialists, the mobilization is always placed on the debate. The leader of the Socialist deputies, Jean-Marc Ayrault, said Saturday on LCI being “for the removal of stock options for five years, except for start-ups.” “If we do not like it, the system is immoral and insane,” he said. Socialist MP has also called for the “cap salaries of managers for companies, to 300,000 euros”, along the lines of Barak Obama. ”

For its part, Ségolène Royal, who was holding the general meeting Saturday of his desires for the future association, criticized the “abuse of wealthy predators” of the French economy, referring superbonus and golden parachutes. “All these wealthy predators abuse are both the opposite of justice, respect and brotherhood,” she asséné. And to address the government: “The government in power for two years between this predation on the French economy softness, a lack of courage that I feel particularly guilty,” adding that “this excess of wealth and the accumulation of poverty on the other divides and weakens the country. ”

The former leader of the PS, François Hollande has he denounced Sunday the “excesses” and the “excessiveness” of some leaders of large companies who pay for their cause “a radical rising in society against entrepreneurs “.

For its part, François Bayrou, the president of the Democratic Movement (MoDem), has proposed the elimination of stock options for publicly traded companies and a law on “transparency” of the pay scales in enterprises. The centrist leader believes that stock options are a “perfectly sensible system for small companies,” but not “for companies established ACC 40″, concluding that “the French economy would benefit greatly to decide this issue by deleting” .

On the union front, called the government to go further and hit harder on the allocation of bonuses to big bosses. The secretary general of Force Ouvrière (FOR), Jean-Claude Mailly, said that Sunday and in an interview published by the daily Sud Ouest Sunday that restrictions on bonuses and stock options should “not be limited to companies that obtain state support. ” “In the crisis we are experiencing, it is the responsibility of Government to take two decisions,” he says. “Firstly, why not cap dividends in general? It is Parliament that must have by law. Then, we have a law requiring any company that enjoys public support of the State or regions, including social counterparties in terms of employment. ”

In an interview with Journal du Dimanche, Ernest-Antoine Seilliere, president of the Supervisory Board of Wendel and former president of MEDEF, said that “what must come first” in the salaries of managers “are criteria for success” but notes that “there are abuses.” “What is shocking is when someone is well paid for a company that is doing badly,” he says, adding that “that’s why the designed variable pay.

Regulation by decree decried

But if the substance of the debate still provokes controversy, form-that of a regulation of the executive by decree – is also critical. Small shareholders, employers and administrators and doubted the effectiveness of a new law or decree to regulate executive compensation, and argue instead for self under the control of shareholders.

“It should not be a law sets the fees. We are in a free country. It is up to shareholders to do so,” believes Colette Neuville, president of the Association of Minority Shareholders (ADAM). This Sunday, the CFE-CGC Alcatel-Lucent has urged shareholders “to exercise their duty to control” on the free shares, stock options or pensions granted to officers and not to limit the General Assembly a “rubber stamp”.

For its part, the French Institute of Directors (IFA) recommends “the way to empower the officers and directors, under the control of shareholders and public opinion, rather than by law and regulation, reaching positions of Medef who has refused to impose on employers a regulatory framework to their pay.

Only the president of the UIMM (Union des industries and metal trades), Frédéric Saint-Geours, Saturday was less reticent, arguing that a decree could help close the “tear” between the company and companies. Time for a text so that the tear does s’acroisse “, noted the owner of the UIMM, but regrets that the State has not clarified its position at the conclusion of agreements with companies concerned.

Backwater of the United States and Germany

If the argument is strong in France, the debate on executive compensation has also exported abroad. This Sunday is Barack Obama himself has moved bonuses awarded to executives of large U.S. banks, considering them “unacceptable.” The American president has received Friday the directors of banks that have received assistance from the state asking them to show some “restriction” in these times of crisis.

“Show that you understand that we are in crisis and that everyone must make sacrifices,” the he asked. “It is really difficult for me as head of state to ask the American people to make sacrifices to help raise the financial system if there is no awareness of a mutual obligation and mutual help .

In Germany, the controversy has reached the former leaders of Dredsner Bank. This Sunday, a former officer of the bank announced its surrender allowances. In an interview with the daily Bild, the former chairman of the bank, taken over by Commerzbank, Herbert Walter, said he is denied his severance package of 3.6 million.

“Given the consequences of the crisis on the Dresdner Bank, I waive this benefit,” he says on a daily basis, while insisting that it was “legally entitled” to this allowance. “Revenue officers should be more related to performance in the long term than was the case so far”, said Herbert Walter, include ensuring “that the payment system of banks leads to misunderstanding certain “.

The former leader responds to the desire of the government who asked such a gesture to the nine former members of the Executive Board of Dresdner Bank, which last year received 58 million euros in income. In an interview with the Bild daily, but even Saturday, the Minister of Economics Karl-Theodor zu Guttenberg, was considered as a matter of “decency that these managers pay back their premiums, or at least they make donation “.

It must be said that Commerzbank, which was partly nationalized recently published a net loss of 6.6 billion euros in 2008, weighed down by its banking subsidiary.

While the government must disclose its decree this week anti-bonus, the issue of executive compensation and corporate coaching continues to shake the political class as well as those of trade unions and employers. In the United States, the debate has reacted Barack Obama which calls for the restriction on banks’ bosses.
The controversy on executive business continues to make waves. On Sunday, the union and political reactions were continued while the government should disclose its decree on Monday anti-bonus. We learn at the same time, according to the Journal du Dimanche, the boss of developer Nexity, Alain Dinin, would in turn give up his bonus and stock options.

Side of the Socialists, the mobilization is always placed on the debate. The leader of the Socialist deputies, Jean-Marc Ayrault, said Saturday on LCI being “for the removal of stock options for five years, except for start-ups.” “If we do not like it, the system is immoral and insane,” he said. Socialist MP has also called for the “cap salaries of managers for companies, to 300,000 euros”, along the lines of Barak Obama. ”

For its part, Ségolène Royal, who was holding the general meeting Saturday of his desires for the future association, criticized the “abuse of wealthy predators” of the French economy, referring superbonus and golden parachutes. “All these wealthy predators abuse are both the opposite of justice, respect and brotherhood,” she asséné. And to address the government: “The government in power for two years between this predation on the French economy softness, a lack of courage that I feel particularly guilty,” adding that “this excess of wealth and the accumulation of poverty on the other divides and weakens the country. ”

The former leader of the PS, François Hollande has he denounced Sunday the “excesses” and the “excessiveness” of some leaders of large companies who pay for their cause “a radical rising in society against entrepreneurs “.

For its part, François Bayrou, the president of the Democratic Movement (MoDem), has proposed the elimination of stock options for publicly traded companies and a law on “transparency” of the pay scales in enterprises. The centrist leader believes that stock options are a “perfectly sensible system for small companies,” but not “for companies established ACC 40″, concluding that “the French economy would benefit greatly to decide this issue by deleting” .

On the union front, called the government to go further and hit harder on the allocation of bonuses to big bosses. The secretary general of Force Ouvrière (FOR), Jean-Claude Mailly, said that Sunday and in an interview published by the daily Sud Ouest Sunday that restrictions on bonuses and stock options should “not be limited to companies that obtain state support. ” “In the crisis we are experiencing, it is the responsibility of Government to take two decisions,” he says. “Firstly, why not cap dividends in general? It is Parliament that must have by law. Then, we have a law requiring any company that enjoys public support of the State or regions, including social counterparties in terms of employment. ”

In an interview with Journal du Dimanche, Ernest-Antoine Seilliere, president of the Supervisory Board of Wendel and former president of MEDEF, said that “what must come first” in the salaries of managers “are criteria for success” but notes that “there are abuses.” “What is shocking is when someone is well paid for a company that is doing badly,” he says, adding that “that’s why the designed variable pay.

Regulation by decree decried

But if the substance of the debate still provokes controversy, form-that of a regulation of the executive by decree – is also critical. Small shareholders, employers and administrators and doubted the effectiveness of a new law or decree to regulate executive compensation, and argue instead for self under the control of shareholders.

“It should not be a law sets the fees. We are in a free country. It is up to shareholders to do so,” believes Colette Neuville, president of the Association of Minority Shareholders (ADAM). This Sunday, the CFE-CGC Alcatel-Lucent has urged shareholders “to exercise their duty to control” on the free shares, stock options or pensions granted to officers and not to limit the General Assembly a “rubber stamp”.

For its part, the French Institute of Directors (IFA) recommends “the way to empower the officers and directors, under the control of shareholders and public opinion, rather than by law and regulation, reaching positions of Medef who has refused to impose on employers a regulatory framework to their pay.

Only the president of the UIMM (Union des industries and metal trades), Frédéric Saint-Geours, Saturday was less reticent, arguing that a decree could help close the “tear” between the company and companies. Time for a text so that the tear does s’acroisse “, noted the owner of the UIMM, but regrets that the State has not clarified its position at the conclusion of agreements with companies concerned.

Backwater of the United States and Germany

If the argument is strong in France, the debate on executive compensation has also exported abroad. This Sunday is Barack Obama himself has moved bonuses awarded to executives of large U.S. banks, considering them “unacceptable.” The American president has received Friday the directors of banks that have received assistance from the state asking them to show some “restriction” in these times of crisis.

“Show that you understand that we are in crisis and that everyone must make sacrifices,” the he asked. “It is really difficult for me as head of state to ask the American people to make sacrifices to help raise the financial system if there is no awareness of a mutual obligation and mutual help .

In Germany, the controversy has reached the former leaders of Dredsner Bank. This Sunday, a former officer of the bank announced its surrender allowances. In an interview with the daily Bild, the former chairman of the bank, taken over by Commerzbank, Herbert Walter, said he is denied his severance package of 3.6 million.

“Given the consequences of the crisis on the Dresdner Bank, I waive this benefit,” he says on a daily basis, while insisting that it was “legally entitled” to this allowance. “Revenue officers should be more related to performance in the long term than was the case so far”, said Herbert Walter, include ensuring “that the payment system of banks leads to misunderstanding certain “.

The former leader responds to the desire of the government who asked such a gesture to the nine former members of the Executive Board of Dresdner Bank, which last year received 58 million euros in income. In an interview with the Bild daily, but even Saturday, the Minister of Economics Karl-Theodor zu Guttenberg, was considered as a matter of “decency that these managers pay back their premiums, or at least they make donation “.

It must be said that Commerzbank, which was partly nationalized recently published a net loss of 6.6 billion euros in 2008, weighed down by its banking subsidiary.