Wednesday, April 08, 2009

France plans law to curtail executive pay


The move comes amid widespread indignation over the award of discounted stock options to four directors of Société Générale
Adam Sage in Paris

A law to curtail executive pay is being drawn up by the French Government amid widespread indignation over the award of discounted stock options to four directors of Société Générale.

The move comes after the French bank bowed to public pressure and announced that the directors, including Daniel Bouton, non-executive chairman, and Frédéric Oudea, chief executive, had renounced the options.

See full Article.