Announcement

Collapse
No announcement yet.

France In Front Of A California Jury

Collapse
X
Collapse
 
  • Page of 4
  • Filter
  • Time
  • Show
Clear All
new posts
Previous 1 2 3 4 template Next
  • #46
    Originally posted by DanS


    I don't know how you can *****, when SBC doesn't even control the company.

    No but they will loose some earnings, right?
    In any case when the SBC took over the TDC they suggested some 'structural reforms'. Maybe one of them was to put up a subsidiary in Germany and wiggle themselves ot of taxes from there. They probably thought they had it made when they set up the former Danish finance minister as CEO. However they forgot to calculate that he was ousted from the liberal party by none other than the current Premier Minister. And he was a former minister of taxes.

    Comment

    • #47
      No but they will loose some earnings, right?
      What's your point? Do you really have anything to add to this discussion?
      I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

      Comment

      • #48
        Originally posted by DanS


        What's your point? Do you really have anything to add to this discussion?
        Well I thought this thread is the place were you can gloat over various victories on the battlefield of the 'market'.

        Comment

        • #49
          Well I thought this thread is the place were you can gloat over various victories on the battlefield of the 'market'.
          No, it wasn't. Now go away.
          I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

          Comment

          • #50
            Looks like a deal is back on in this affair.

            French PM set to unveil Executive Life deal
            Martin Arnold and Jo Johnson in Paris
            Published: December 11 2003 10:21 | Last Updated: December 11 2003 10:21

            Jean-Pierre Raffarin, French prime minister, is expected to announce on Thursday that France has reached a preliminary $770m (€633m) deal to settle the Executive Life affair with Californian prosecutors.

            The settlement would bring a last-minute resolution to a five-year legal dispute that has developed into a major source of Franco-US tension, requiring diplomatic interventions at the highest level on both sides of the Atlantic.

            The agreement, reached late on Wednesday night, includes François Pinault, one of France's richest businessmen, who has agreed to pay $185m without admission of guilt to settle charges against his Artémis family holding company.

            Crédit Lyonnais will pay $100m, while the Consortium de Réalisation - the "bad bank" set up to take over Lyonnais' liabilities in 1994 - will pay about $475m, with both admitting some guilt on technical issues of disclosure. The remaining $10m will come from Maaf, the French insurer.

            The deal is likely to avert the Californian prosecutor's threat to call on a jury this week to hear criminal charges, ranging from fraud to perjury and money laundering, against some of France's most powerful business interests.

            President Jacques Chirac, who intervened to block a previous settlement that excluded Mr Pinault, is expected to agree to the last-ditch deal as it fulfils his requirement for "a global deal covering all parties".

            Jean Peyrelevade, who resigned as chairman of Lyonnais to defend himself against the Executive Life charges, is under pressure to agree some level of guilt, something he has so far steadfastly refused to accept.

            The origins of the affair lie in Lyonnais's 1991 acquisition of Executive Life, a failed life insurer. The purchase is alleged to have breached a now-repealed federal law against banks owning insurers.

            The French government is involved because Lyonnais was then a state-owned company. It was privatised in 1999 and then the subject of a €19.5bn takeover from Credit Agricole last year. The bank had risked losing its US licence if no deal was reached.

            The affair has become a hot political issue for Mr Chirac in France. The Socialist opposition has called for a parliamentary inquiry into the affair. It has accused Mr Chirac of putting his personal friendship with Mr Pinault, the retail magnate at the centre of the scandal, ahead of taxpayers' interests.
            I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

            Comment

            • #51
              Wow, I didn't know France had $770m. I wonder if they had to take out a mortgage on the Maginot Line............

              Comment

              • #52
                You are dead right, we have no longer dollars (we sold them all before the fall ). We intend to pay in selling to you the clothes that you no longer accept to buy from China.
                Statistical anomaly.
                The only thing necessary for the triumph of evil is for good men to do nothing.

                Comment

                • #53
                  Yikes! They wrote Arnold a hot check!

                  Comment

                  • #54
                    Well, $770 million is a lot of money. No doubt about it. It represents the same amount of pain to corporate France as a $5 billion payment would be to corporate America.
                    I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

                    Comment

                    Previous 1 2 3 4 template Next
                    Working...
                    X