Laurence Parisot is expected at the turn

Nicolas Sarkozy again threatens the Medef to a law, but, this time on "sharing the value" for the employees. "He must go further" that the law of December 3, 2008 (on the engagement and participation), he said yesterday, asking the social partners to make "significant progress from here in June" if they want to avoid a legislative text "fall". The head of State had developed this theme in the heart of the social Summit of the 18 February but "I saw the enthusiasm was mixed", he Litvinenko, insisting: "I did not accept that a company making billions of profits does not arise the question to distribute a part to its employees." And for those who are "set in difficulty by the crisis", Nicolas Sarkozy suggested the distribution of free shares "to all employees" (by taking advantage of the weakness of the stock exchange), considered to be "what there is of more intelligent to do" to "confront the tests with them."

He joined the wishes of its host of yesterday, the General Secretary of the UMP, Xavier Bertrand, who promised to go very far in its proposals, mid-April, to improve the "sharing of value" ("Les Echos" of yesterday). To the chagrin of some elected officials, the President of the Republic was not réévoqué, however, a further ultimatum to the Medef: employers must make "concrete proposals" before the end of the month to ban bonuses and stock options in companies that use "massively" technical unemployment or which make social plans "to scale". Many parliamentarians, under the emotion related to business Société Générale and Valeo, claimed yesterday the quick vote of legislation and hoped an announcement in due form of the head of State. The President of the Assembly, Bernard Accoyer (UMP), argued that "The Parliament legislates on the variable part of the remuneration of managers of businesses who have benefited from the assistance of the State", as Congress initiatives, while the Chairman of the group, Jean-François Copé, found that it is "approached more in addition to a legislative" on remuneration.

A rare virulence

To avoid such an outcome, Laurence Parisot household not his sentence. Yesterday, she asked with a rare virulence to the CEO of Valeo, Thierry Morin, "waive immediately" his golden parachute. "I want to tell the French that the Medef does not recognize the behaviour of a business executive who tramples underfoot the general interest of his company, who despises his employees, who scorns the patterns of SMEs, in particular subcontracting SMEs of this undertaking, and that crowd our code of governance at the foot." Deciding with his previous assertions ("I have neither the means nor the desire to impose something which belongs to the contractual relationship between the social agent and his company"), she defends the effectiveness of the Afep-Medef code.

"Without him, there would have no advertising on the stock of Société Générale, noted in his entourage, and it is also in relying on the code today can hold accountable to Thierry Morin.". The Charter "not acceptable" judge that leaders, which the company is "in a situation of failure", the leave with compensation. For the MP Hervé Mariton (UMP) also, "deficiency comes mainly from the State, which did not sufficiently the terms of his intervention with the company." "Should not hide behind the demagogic statements or pay in legislative inflation". Yesterday, Nicolas Sarkozy's message was firm: "Bonus, stock options or golden parachutes" in companies aided by the State or who are of the social plans. But the Government as the Elysee wish to avoid to arrive at a law.

Laurence Parisot, is expected at the turn.