France plans pay cap at state firms

The French finance minister has unveiled a plan to cap the pay of top executives at state-owned companies at €450,000.

Wed, 13 Jun, 2012 - 15:12

The French finance minister has unveiled a plan to cap the pay of top executives at state-owned companies at €450,000.

The pay cap was part of president Francois Hollande’s campaign pledge to rein in corporate excesses, which he blames in part for the financial crisis.

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