| Author (Person) | Hollinger, Peggy |
|---|---|
| Series Title | Financial Times |
| Series Details | 25.3.09 |
| Publication Date | 25/03/2009 |
| Content Type | News |
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France’s determination to clamp down on executive bonuses appeared to harden on the 24 March 2009 as the business and political establishment came out in full cry against the €3.2m golden parachute awarded to departing Valeo boss Thierry Morin. The outcry reflects a growing tide of opposition in Europe to executive bonuses as job losses mount and governments bail out banks and car companies. Germany has passed a law to make executive pay more transparent, while also the 24 March 2009 Sweden said it planned to ban bonuses in state companies. |
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| Countries / Regions | Europe, France |
