This indicates V com V several explanations

Companies companies de the de le space CAC 40 has, the issue of governance, the different layers of control of them. This indicates V com V, several explanations.

The first is known: the pattern of the CAC 40 is still subject to more control, demands for greater transparency and "must make still more accounts to more and more people, belonging to different audiences", observed Vincent de Vaissière, citing, among other things, financial analysts, the general public, proponents of sustainable development or social responsibility... Second reference. A section of the "Figaro" dated March 9 tells a light story about it.

Tactical missteps

Referring to the muscular but effective manner with which Lars Olofsson came to power in Carrefour, the newspaper puts it in parallel with his predecessor tactical missteps: "after March 2007 with a capital of Carrefour via his family holding group Arnault owner of the"Echos", Editor's note, associated with Colony Capital, Bernard Arnault had received at the headquarters of LVMH José Luis Duran."the pattern of the time, and had proposed a weekly appointment to make the point on the development of business (...). The proud Iberian had declined the invitation, arguing that group Arnault then had less than 5 of the capital of Carrefour. "More user-friendly and more wise, Gérard Mestrallet, Chairman of GDF Suez, spoke each week to Albert brother, who has yet only 5.3 of the capital of the company, but which is associated intimately strategic decisions... A brother Albert found at the round table of other major groups such as Total, Lafarge and Pernod Ricard. It should also be noted the role of investment funds still more activists (Colony Capital, Eurazeo...), "walking on the broken patterns real at severely bully him, whether they live poorly", judge the Vaissière Vincent.

Area mi-privée, mi-publique

In addition, says the study, "the CAC 40 pattern that appears is not always the real boss, including State interventionism which is growing and a trusteeship that still more tutelary", adds the author of the study. Amount to what looks like is mistaken is a grey, indeterminate zone, mi-privée, mi-publique (banks, automakers, energy and food sectors, etc.), that betrays a cautious, and groping corporate communication. This same logic, the study focuses on a phenomenon past enough largely unnoticed: the unexpected comeback, with the crisis, "Chairmen of Board of Directors..." and/or supervisory board tempted to return to performing light wrongly or rightly of their wisdom and experience Historical figures of French capitalism who benefit also, sometimes, silence stubborn their successors on societal issues or economic. Witness, Claude Bébéar, founder of AXA, denouncing at length in the press "the greed and the loss of sense of all the actors in the system." Or Michel Pébereau, Chairman of the Board of Directors of BNP Paribas, seizing the financial tsunami and its catch of speech noted, "the figure of the Commander and the sponsor of the market", considers the Vaissière Vincent. Damming the pawn, media, its Director General, Baudouin Prot. "The power returns to those who have spent the hand", concludes the author of the study. Life is decidedly rude for the leaders of the CAC 40 companies.