Stéphane Richard as CEO retained until the contract expires (end of the month 5/2014), the French authorities temporarily to his new saddle.
In the past week, the Mr. Stéphane Richard, 51, a French national, is currently the president and chief executive officer (CEO) France Telecom / Orange, the largest telecommunications group France has been detained somewhat disturbing in the general French public and investors, business in the telecommunications sector in particular.
The reason he is being detained for investigation for his role in the case was briefly called "Tapie" (lasting from 1993 to 2008).
For your convenience, please through case summary "Tapie". Case "Tapie" stems from the financial dispute between billionaire Bernard Tapie, a French citizen, a former boss of Championship club Olympique de Marseille and the French bank Crédit Lyonnais (France - went bankrupt ) related to the sale of shares of the Corporation produced sports shoes Adidas (Germany) owned by him in 1993.
As such, he is the new president Francois Mitterrand (left-wing) selected as a cabinet minister. So, to avoid "conflicts of interest", Mr Bernard Tapie forced to sell the shares of Adidas. When sold, things quiet, but after this, the main accused Bernard Tapie bank Crédit Lyonnais was deliberately sinking the value of the shares he owns and Adidas claim by the State (the former shareholders of the bank above) to compensate. When his lawsuit this, when French President Nicolas Sarkozy said that (which a friend of his), and Christine Lagarde France's Finance Minister (2007-2011) and Stéphane Richard is director of the Office of Finance (the one of her close aide Christine Lagarde).
Ms. Christine Lagarde has appointed an expert group to arbitration disputes and arbitration support his claim Bernard Tapie. As a result, he was compensated 285 million euros (from public funds), including a 400 million euro profit (515 million USD) in 2008. Case finished ideas that can close, then earlier this year, has a number of influential people in the French government requested the investigation, to verify and clarify the case.
There is even doubt that opinion, Mr. Bernard Tapie received huge compensation as such, can be considered as a form of "pay back" the support for President Nicolas Sarkozy in the 2007 election, by business it's very active role in the election campaign.
In last May, Ms. Christine Lagarde, is Director of the International Monetary Fund (IMF) has received a summons to return to the French request for questioning related to allegations she was involved in legal scandal. But do not find sufficient evidence, should she as innocent.
But then, the case may still closed, when investigators said the shift to Stéphane Richard, her aides.
According to some sources, Mr Bernard Tapie is filtered core business, as well as politicians old fox, so he "knows how to" mobilize all means legal or illegal to win the event. Moreover, in the past, Mr Bernard Tapie had been "sticky dots" (6 months imprisonment due directly involved in fixing football club Olympique de Marseille football) ...
There also is no evidence so guilty, so after 48 hours in detention (under the laws of France), Stéphane Richard returned to his normal work.
It is important that between this week, after the incumbent French President Francois Hollande publicly supported Mr. Stéphane Richard as CEO retained until the contract expires (end of the month 5/2014), the authorities France temporarily to his new saddle.
Mr. Stéphane Richard is one of the CEO is appreciated in France, partly due to his knowledge as class elite was educated at the universities most prestigious French. On the other hand, he spent so many positions in the French government and in business management, should have more experience. French entrepreneurs needed more brilliant as his character.
Is telcos 4th largest in Europe (available in 32 countries around the world), France Télécom / Orange has about 230 million subscribers (as of the date of 03/31/2013), of which 172 million mobile subscribers. France Télécom / Orange has its largest shareholder is the Government of France (27% ownership stake). In 2000, France Telecom acquired Orange whole, which is the company that provides mobile phone services of England. At the Annual General Meeting of Shareholders held in 2013 at the end of last May, up 99.64% votes in favor of renaming Orange France Télécom. The reason for the name change is part of the globalization strategy of the Group, although there are still nearly 50% of the Group's revenue from the French market.
Currently, people still use the brand France Télécom / Orange, but from 07.01.2013 onwards, the Group will also officially known as Orange.
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