Today, I have officially launched my Twitter page in order to reach Canadians more effectively. Please follow me at http://www.twitter.com/HervieuxPayette
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Nicolas G. Hayek, founder of Swatch, condemns the dominance of the “acrobats and jugglers in the financial circus”.15 July 2009 at 14h06
“Final example: the guy who proposed that I buy into a company that was very expensive and active mainly in textiles, while I’m a watchmaker. “That doesn’t matter,” he told me, “we’ll start some rumours in the market that will make the share value fall, and as for the textiles, we’ll look after that part.” All this illustrates the really deplorable mindset of some market professionals. And the worst thing is, thinking that a publically-traded company should be managed with this mindset”. – Nicolas G. Hayek.
The global financial and economic crisis highlights the need to regulate capitalism and make it more ethical, as French President Nicolas Sarkozy said last fall in Quebec City.
— Claude Béland, MEDAC chairman (Mouvement d’éducation et de défense des actionnaires), a shareholders’ rights group.
I am glad to note that Chancellor Angela Merkel is sharing the same ideas as me! This is what we probably call the feminine common sense!
BERLIN (Germany) - BRIAN PARKIN AND RAINER BUERGIN (Bloomberg News) – Chancellor Angela Merkel’s coalition pushed a law through parliament aimed at restricting manager pay at German public companies, going further than steps proposed in the United States or Britain.
The package of measures includes steps to give supervisory boards more power to set salaries and financial penalties for executives who are found guilty of negligence.