Word: boarded
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...Indeed, the profile of the average French board member painted by the Ernst & Young report seems frozen in time: the person is typically a 59-year-old male from one of France's élite graduate schools. He probably serves on more than one board. (French law permits people to hold seats on up to five companies' boards at the same time.) French boardrooms are far less diverse than those in other nations; a survey last month by the independent Politico-Economic Observatory of Capitalistic Structures (PEOCS) indicates that the concentration of business power is greater in France than...
...sector has largely been left to police its own boardroom policies. And this has brought forth little change. When France's main employers' groups, the Movement of the French Enterprises and the Association of French Private Enterprises, drew up corporate-representation guidelines in 2000 to try to diversify French boards, they were virtually ignored. Legislation was recently introduced to require companies to reserve at least 40% of their board seats for women by 2016, but critics note similar parity laws have been ineffective...
...hardly a secret in France that in order to become an executive in a top French company, be asked to serve on a board or be tapped for a high civil-service post, you've got to have the right background, the right education, and have the powerful network of allies to help you get there," says Marc Touati, deputy director of the Paris-based financial-services group Global Equities. "Most are well-trained and talented people, but there are lots of people like that who have no chance at those top spots. Like it or not, France...
...Still, some observers are skeptical that Ilitch has the stamina and gravitas to endure a grueling political race. Apart from being on the Bing transition team, Ilitch has little political experience (she was also elected to the University of Michigan's board of regents), and her views on many social and political issues are largely unknown. In recent days, local news reports have presented her as the Obama Administration's preferred candidate, but she has reportedly donated money in the past to Republicans as well as Democratic causes and candidates. Fundraising is expected to be tricky in the current economic...
...Administration, a smackdown of Treasury Secretary Timothy Geithner, White House aide Lawrence Summers and other centrists who consider populism a dirty word, and have been accused (often unfairly) of being too close to Wall Street. Former Federal Reserve Chairman Paul Volcker, the head of Obama's Economic Recovery Advisory Board, has spent the past year getting frozen out of the White House while blasting Wall Street as a glorified casino; yesterday, he stood next to Obama as the President described the proposed ban on proprietary trading by commercial banks as "the Volcker rule." Other White House economic aides have also...