Word: edouard
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...Tires may not be glamorous, but the brand is a jewel." So says EDOUARD MICHELIN, 41, CEO of the world's leading tiremaker, who is credited with opening up the secretive culture of the company his great-grandfather started in 1889. On the eve of unveiling the firm's latest invention--an airless tire--he spoke with TIME about the French company's latest opportunities and challenges...
...Monde, by veteran journalists Pierre Péan and Philippe Cohen. Their allegations were sensational: a corrupt relationship with the head of the police union; gifts to Colombani for giving media training to a mayor; a pattern of blatantly favoring certain politicians (such as hapless 1995 presidential candidate Edouard Balladur). In June Le Monde agreed not to proceed with libel lawsuits against the authors, who in turn agreed not to republish their book, but the damage was done. The paper's finances may be in worse shape than its reputation. It is carrying debt of at least €110 million...
...March, French aviation firm Dassault bought an 82% share in conservative Le Figaro. Last week Libération, the feisty left-leaning tabloid daily, was getting the eye from Edouard de Rothschild, scion of the banking family. The real acid test will come, however, with Le Monde, which is seeking €50 million in new investment and is in talks with defense and media conglomerate Lagardère, as well as Madrid's daily El País. If it gets the new funds, Le Monde will have to pay for layoff packages for about 90 employees, work down...
What's the French for "get over it"? Don't bother asking the defenders of France's lovely and beloved language. A decade after the government of Prime Minister Edouard Balladur passed a law requiring the use of French in all government documents, business contracts, restaurant menus and advertisements, the champions of francophonie again have their culottes in a twist over the threat posed by the rampant spread of English. Opposition flared last month over a new proposal to make English instruction compulsory in French schools. Guardians of the language issued a manifesto calling on the E.U. to make French...
...years later joined Parliament. Sarkozy's commitment and dedication helped make him a Chirac protégé; for a time he even dated Chirac's youngest daughter, Claude. But in 1993, when he was 38, Sarkozy became Budget Minister and spokesman in the government of conservative Prime Minister Edouard Balladur. In the 1995 presidential race, he ditched a 20-year allegiance to Chirac to back Balladur, who was then riding high in the polls. But Chirac ended up in the Elysée, and Sarkozy found himself in the political wilderness...