Word: controller
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...According to recent studies of French business, the power in the country's largest companies is still dominated by a relatively small number of men. A December review by Ernst & Young, for example, found that a mere 98 people control 43% of the voting power on the boards of the 40 companies comprising France's leading CAC 40 stock index. Not only that, but this dominant corporate core is nearly 80% French - a lopsided percentage, given that nearly 40% of the capital in those businesses is owned by foreign investors. And suggesting that the glass ceiling is still very much...
...heels of the Google vs. China censorship dispute, a new front in the showdown between state power and Internet freedom is opening in Italy. Prime Minister Silvio Berlusconi's government is pushing through new measures that would give the state control over online video content and force anyone who regularly uploads videos to obtain a license from the Ministry of Communications. The move is seen as yet another challenge to Google - owner of YouTube - which says the new rules would in effect force Internet service providers to police their own content...
...measures, which are unprecedented among Western democracies, are expected to get final Cabinet approval on Feb. 4 unless opposition parties are able to block them in court. For Berlusconi, this isn't so much an attempt at new media control as it is part of an old story line. The billionaire Prime Minister just happens to own the country's only major private television network, which critics say is a conflict of interest much more troubling for the country than any of his private dalliances or verbal faux pas. (See pictures about Silvio Berlusconi and the politics...
...China heads into 2010, its economic policymakers will have to juggle how to control the property market for consumers like Chen without debilitating it or harming the overall economic recovery. "While the authorities aim to contain property-price increases, they are highly mindful of the importance of stability in the sector, as it bears upon consumption and employment," Jing Ulrich, managing director of China equities for JPMorgan, wrote in a research note. It's a tricky balancing act. But it's a task the other countries still struggling to emerge from the global downturn would envy...
...Some property developers and economists have called China's housing market a bubble. Whether the government can gently deflate it is an open question. Beijing's past efforts to control housing prices have been unsuccessful, says Shanghai-based economist Andy Xie. One flaw is that local governments rely on land sales for about one-third of their revenue, which gives them an incentive to keep prices high. "Somehow, the market keeps going up," Xie says. "People think the government is not sincere about tightening. How would the biggest beneficiary let the price fall...