France eyes curbs on executive pay

Author (Person)
Series Title
Series Details 30.5.08
Publication Date 30/05/2008
Content Type

The French government intends to use its Presidency of the European Union, which begins in July 2008, to press for EU-wide rules governing executive pay. The move comes amid a widening political backlash in Europe against allegedly excessive pay packages for top business leaders.

Article quotes Christine Lagarde, France's Finance Minister threatening to take further action to curb pay for bosses of poorly performing companies in France, calling recent rises for some executives 'perfectly scandalous'.

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