By Paul Hodgson – CCO and Senior Research Associate
Last week I blogged on the plans of the new French Socialist administration to cap the pay of CEOs at 20 times that of the lowest paid worker at those companies in which the state owned a majority stake, as well as trying to impose the cap at other companies in which it was a significant shareowner. According to data from GMI Analyst, these are some of the companies whose CEOs could see a pay cut:
Aeroports de Paris (ADP)
French state: 52%
Areva
Commissariat à l’Energie Atomique (73.03%) + French State (10.17%) = 83.2%
French state: 15.8% (shares) 16.1% (voting rights)
Controlling shareholder group (to which the French state is a
party): 50.36%
French state’s share of total stock: 22.35%
French state: 84.5%
French state: 36%
Renault
French state: 17.95%