More reason to focus on the quality of the indexFor its part Metrobus had also asked a vetoThe main centre of SNCF freight losses isolated car iWhat will you do nowEverything is going very fastdespite its central role in the existenceSince midSeptember the stock markets mark wayNothing is more subjective than the soundOfficially of course nothing will changeAnd this trend is also leadership positionsThe communal power is does therefore not so easily shareThe reorganization of the Directorate-General of the Société Générale is not an isolated phenomenon. Indeed, most of the major French banks will have to renew their staff in the coming months. Not that some leaders are on trial. The sector through a period of unprecedented development and prosperity. But, after several years of stability, barely troubled by the accession to the Supreme function of the number two of the CCF, and then that of Dexia, the time of succession, in several institutions, is about sound.
The Caisse des Dépôts et Consignations (CDC) is in this case. The mandate of the Director General, Francis Mayer, appointed on December 18, 2002 for five years, comes to an end in late 2007. On its balance sheet (the refocusing of the institution on its missions of general interest and its role as an investor in the long term, or even particularly advantageous financial conditions obtained from the transfer of 35 of the public institution in the squirrel...), the Director-General may, if he so wishes, hope be renewed. But the outcome of the battle for the trivialization of the booklet, which stocks are centralized to the CDC, and especially the verdict of the polls in the next presidential election, weigh heavily in the balance.
Other movements expected to explain, for the most part, by the age limit. Top figure Charles Milhaud, the patron of Caisses d'Epargne, who will celebrate his sixty-five years in February 2008. If the articles are not here there an extension was envisaged time before to be put under the bushel , he must make his deck. The record of his estate should be investigated without delay. According to some, the next appointment of Nicolas Mérindol, patron of the commercial bank of the squirrel to the position of Director General recreated for the occasion could open Pandora's box.
A few distant deadlines
Always in the mutualist universe, the question is not a topical at Credit Agricole SA. But, in a house where it was used to manage transitions smoothly, the estate of President René Carron, which will reach the limit of age in 2009, will begin to agitate the minds well before this date. More short term, the question of the succession of Edouard Esparbès (sixty years), General Manager of Credit Agricole SA and patron of his affairs Calyon Bank, will have to be determined.
Elsewhere, the deadlines are, except accident, more distant. At BNP Paribas, Michel Pébereau-Baudouin Prot tandem, respectively President and CEO, another four years before him. At Société Générale, President Daniel button reaches the age limit, set at sixty-five years, in nine years. The Banques Populaires, President, Philippe Dupont, reappointed for three years in May 2005, has only fifty-five years.
As Credit Mutuel, its leaders have resolved the problem for a long time. In the spring of 2004, they pushed the age limit of 65 to 70 years, with the possibility of still extend for two years by decision of the Council, the mandates of President and Director General. A statutory change that meets, officially... to a concern for harmonization of the statutes of the Crédit Mutuel with those of the CIC.
