New prez Hollande will cap salaries at state-owned firms
(NEWSER) - With France's new socialist president François Hollande moving in, it looks like sky-high CEO salaries are moving out, reports the Wall Street Journal . Hollande has promised to cap executive pay at the 52 companies owned or partially owned by the state, limiting them to a maximum of 20 times the lowest employee's salary. That could cause the CEO salary at Electricité de France to plunge from $1.98 million last year to an estimated $634,000 this year, and top pay at nuclear energy giant Areva to drop from $845,000 to $418,000. More»
