French business leaders on Tuesday defended their right to reward executives with stock options and massive pay packages, signalling they would resist any pre-election pressure for tougher regulation.
“High, even very high, remuneration is normal ... as long as it is in proportion to what [a director] brings back to the company,” said Laurence Parisot, head of the business lobby group Medef, as she launched a new code of conduct on executive pay.
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