Word: jeanings
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...mail Jean, a columnist, at moneytalk@moneymail.com
...year, $6.8 million contract he gave new CEO Anders Moberg. The French government pressured Pierre Bilger, the ex-CEO of engineering giant Alstom, into returning a $4.6 million severance payment, and shareholders of Europe's largest drugmaker, London-based GlaxoSmithKline, rejected the $36.5 million payment CEO Jean Pierre Garnier would receive if he lost his job. "Everyone in Europe is being very careful right now," says Dan Konigsburg, a corporate-governance analyst at Standard & Poor's in London. "No one wants to be like Grasso." They will need a big raise for that...
...DIED. JEAN HELENE, 50, veteran West Africa reporter for Radio France Internationale; after a police officer shot him in the head following an apparent argument as H?l?ne waited to interview arrested opposition leaders; in Abidjan, Ivory Coast. Authorities arrested the officer believed responsible and the government fired the chief of the national police force...
French prime minister Jean-Pierre Raffarin all but declared war on the Parisian élite in an October interview with TIME, chastising French intellectuals for "not being open-minded enough about the world." It's a problem previous governments have grappled with, but last week Raffarin's government launched a new assault on the ruling class's high temple: the Ecole Nationale d'Administration, the fiercely competitive, 58-year-old school that breeds France's best and brightest. As of 2005, the school will close its Paris campus for everything but continuing education and concentrate its activities at its Strasbourg...
...paper and studies the sports page and the comics. Reagan was born to preside over a Chamber of Commerce. He would have been splendid as the president of a Rotary Club. Unfortunately, he was President of the U.S., and it took us years to recover from his Administration. JEAN MARTIN Pittsburgh...