PARIS: France will introduce a law to limit executive bonuses in the form of stock options or shares because businesses have failed to accept a voluntary accord, the spokesman for the ruling UMP party said yesterday.
Bosses at French bank Societe Generale decided this weekend to renounce stock options they had awarded themselves following an outcry over excessive rewards in times of financial meltdown.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
