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  • Thinking Ethics was a project launched in Geneva to foster the debate about ethics. A few friends, fed up with only reading about abuses in the media, decided to hold a forward-looking seminar on five subjects: ethics and performance, ethics and knowledge, ethics and consciousness, ethics and disobedience and ethics in real time. If moral has to do with right and wrong, then ethics is its application in society. We believe that people need to talk about the subject to determine the level of ethics they want. The book Thinking Ethics, a result of the seminar, is to start the discussion. This blog is a contribution to the conversation.
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  • Andrea Spencer-Cooke
  • Pascal Marmier
  • Kelly Richdale
  • Stephen Whittle
  • Steve Bowbrick
  • Beth Krasna

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October 11, 2008

Au revoir golden parachutes

The French president Nicolas Sarkozy is taking advantage of the financial crisis to make good on a campaign promise - get rid of outrageous severance packages. He is promoting a bill to restrict the paying of golden parachutes and lucrative severance packages, even outside the banking industry. The pressure is so acute currently, that Axel Miller, the departing CEO of the Dexia bank has announced that he will not take his contractual severance entitlement. As there is widespread support for this in the French opinion, the bill is expected to pass in the next few weeks. More here

Posted by on October 11, 2008 at 06:25 PM in Business |

Tags: France, golden parachutes, severance pay

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