The latest annual report by investors’ advisory agency Proxinvest on the remunerations paid to the chief executives of France’s 120 most traded stock exchange companies reveals a staggering increase in payments in 2019. In this op-ed article, Mediapart economy and finance correspondent Laurent Mauduit details the figures and argues why they represent a serious injustice when millions of French households face an economic crisis that threatens to plunge them into poverty.
During the 1980s, French capitalism underwent a partial renewal. As a result of the effects of globalisation, it converted to the governance rules of countries in anglophone countries but did so in its own cherry-picking manner.
