Monday, February 23, 2015

The bonus of the new head of Sanofi unions and shocking … –

The bonus of the new head of Sanofi unions and shocking … –

The government said it was “incomprehensible” and called for “decency” after the announcement of the grant of a € 4 million bonus to the new boss of the French pharmaceutical group Sanofi , Olivier Brandicourt.

“It is incomprehensible. How all these people, explaining that it is the merit that it is the liberal economy, risk, risk-taking that are to the results, these people, they hardly take the helm of a company – that is to say, they have not taken yet any risk – already assured of incommensurate pay? “responded Stephen. Le Foll, spokesman of the government, the RTL .

According to a document available on the website of Sanofi , Olivier Brandicourt, whose appointment was announced Thursday, Feb. 19, will receive a gross lump sum of € 2 million during his inauguration. He currently directs the activities of the German pharmaceutical Bayer will again benefit of such a compensation group in January 2016 is still in office at that time.

Should we limit the compensation of large leaders? “We did it in public enterprises by capping wages. There must be rules that are reaffirmed, some moral” added Monday, February 23 Stéphane Le Foll. Does it passes by law? “It could be in the law but the problem is that these big companies are international,” he said.

A group that lives on Social Security

Asked RMC and BFMTV , Minister of Ecology Ségolène Royal also found “not normal at all” this welcome bonus. “What we need is a bit of self-discipline in the decency of behavior,” said Segolene Royal, who “hope” that Olivier Brandicourt will give up those 4 million. “It would be a minimum,” said she said.

The announcement of this award has also boosted the unions. “Shocking,” Stéphane galine (CFDT union 1), it was described as “outrageous” by Thierry Bodin (CGT, third union), “in terms of the experiences of employed and unemployed in this country.”

“From the start, Mr. Brandicourt has its hands tied by the shareholders because its pay system depends on the evolution of the share price,” lamented Thierry Bodin. Management has “had to pay the price” because the candidates are not jostled “It was a few months ago that Sanofi was looking for the gem and its Board of Directors has the reputation of being hard,” is to share commented Stéphane galine.

Olivier Brandicourt has “a good resume is a scientist, a doctor who knows search” but the CFDT representative said “sorry he came (Sanofi ) and for basely and purely financial reasons. ” “It is around the corner on employment and strategy,” warns Stéphane galine. According to the union representative, the “rumored” short that “Mr. Brandicourt mission would not do it again until PES 2017 presidential election then, a clear commitment that it there are no new social plan “asks the CFDT representative.

” In hearing this I had just received the slaughterhouse workers near the Mont Saint Michel (AIM, Ed) that were really desperate, humiliated, scorned, who had no information about what they would become. (…) It is unacceptable to treat workers in this way. And coming back here, what -what I learn? A bonus of € 4 million for a boss who arrives at the head of a pharmaceutical company, “he told Ségolène Royal.

” It takes a bit of decency especially from pharmaceutical companies who depend on Social Security, so contributions on wages “, also said the minister,” recalls nevertheless that drugs are not reimbursed the French, so it’s finally all French who pay Social Security (…) who will pay the welcome bonuses boss Sanofi . “

(With AFP)


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