From Capital To Salary Control: France To Cap State-Owned Company Executive Pay

Tyler Durden's picture

At this point there is no longer a point in commenting the daily insanity coming out of Europe. Central planning everywhere, in everything and for everyone.

  • FRANCE TO LIMIT EXECUTIVE PAY TO 20 TIMES LOWEST SALARY: FIGARO
  • FRANCE TO CURB PAY OF HEADS OF STATE-OWNED COS., FIGARO REPORTS
  • ECONOMY MINISTRY TO ANNOUNCE DECISION TOMORROW, FIGARO SAYS

Who will be affected:

  • FRENCH PAY CURB AT COS. WITH GOVT MAJORITY STAKE, FIGARO SAYS

So... all French banks soon to quite soon?