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The best paid bosses are not the ones that work best

Wednesday Jan 27, 2010

If these are the salaries of bosses who are the most frequently stigmatized, smaller does not make as many copies. An analysis by John Gatty, chairman of the management company portfolio JG Capital Management, is evident even in the inverse relationship that binds the market performance of the Small Business 90, and pay their boss!

Without claiming to have conducted a scientific study, the manager who invests heavily in these small caps of the SBF 250, compiled and classified statistics publicly available on the market performance of these 90 companies since 2001, and compensation their boss. The finding, paradoxical, compiled by JG Capital Management, is that, on average, over the boss's pay, the higher the stock market performance of the enterprise is low.

"Inverse correlation and shocking"

The nine companies whose stock price rose the most since 2001 (average 640% Hi-Media, Gameloft, Lacie, or VM Toupargel materials are involved) are those whose employers are paying less (203 payday loan € .000 in 2008). While nine companies whose stock performance was the worst (-76% on average over the same period) are also those whose bosses are better paid (675,000 € in average). They include Rodriguez, whose owner has received 1,439,000 euros in 2008, Eurodisney and GFI Informatique. John Gatty is that the observed sample (90 companies) can do together, because of its smallness, as special cases. The strength of these statistics suggest, however, perplexed.

Martin Hirsch and John Gatty have also a common platform to Echos, denounced the governance problems revealed by these statistics. For "almost all the companies in which we observe this inverse correlation and shocking claims to respect the requirements of the Code of Corporate Governance prepared by the MEDEF Adep and" they rebelled.


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Better Place has raised $ 350 million

Monday Jan 25, 2010

The Californian partner Renault in electric cars have passed a nice round. Better Place has in effect said on Monday it has raised 350 million dollars, 247 million euros.

The deal values the company at 1.25 billion dollars. It should enable the company to "grow internationally," according to its CEO Shai Agassi, quoted in a news group.

It was underwritten by HSBC, Morgan Stanley Investment Management and Lazard Asset Management, and must be closed during the first quarter. In its statement, Better Place is pleased to be among the major investment of its kind conducted by HSBC Business Card Design . Having spent 125 million dollars, nearly 90 million euros, HSBC is the largest investor in this transaction.The bank will take 10% stake Better Place, and put Kevin Adeson, head of global financial transactions, within the executive committee of Better Place.

Better Place will install networks of charging infrastructure for electric vehicles. Through its partnership with Renault, Better Place aims to commercialize a nombvre minimum of 100,000 cars in Israel and Denmark by 2016.


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Bercy modifies the rules for fixing gas prices

Saturday Dec 12, 2009

After several weeks of reflection, the verdict has finally fallen on the new method of fixing gas prices. The Ministry of Economy, which was to maneuver, just send the document to refer to the Regulatory Commission of Energy (CRE), for entry under the next year, after the publication of a decree .

The government, which ruled until then every three months on possible changes in gas prices, trying to remove a little of the game, at least in appearance. It will no longer once per year, one component of overall framing of the price curve of the molecule. This scheme seeks to prevent the State to meet in full psychodrama whenever Bercy opts for a rise in gas prices.

So now the company, GDF Suez, which will seize the regulator for a rate increase.Which regulator, after watching whether the incumbent's request is consistent with the pricing formula, make a binding opinion. Until now, the opinion of the CRE in the record setting gas prices was only advisory. In the new scheme, the Commission will therefore pose a greater weight.

However, uncertainties remain. In particular, what happens if gas prices are indexed on oil prices should fall? In the reference document, it is not called GDF Suez to decide in what direction. Similarly, it does not ask the regulator to pressure the company to obtain a reduction in charges.

"Let's just common sense: since oil prices are public, they bend permanently, GDF Suez will be forced to seek lower fares.Or the group will draw the wrath of both consumers and government, "says an industry expert.

Psychodrama

So much for the new scheme, at least in theory, developed by the government with the approval of other partners, beginning with GDF Suez. It remains now to see how it will apply in practice. It is hard, in fact, the government remain inactive in the face several repeated hikes in gas prices. Especially during elections, where the energy bill is regularly found in the heart of debates.

In short, despite government efforts, it is feared that this new device does not put an end to psychodramas on gas prices.


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The cloud computing revolutionizes IT

Monday Nov 23, 2009

The cloud computing mask does a tsunami? For months, the heavy hammer of new technologies that the future lies in the cloud computing literally computing in the cloud.

Amazon and Google, born on the Internet – symbolized by a cloud – are the pioneers of this movement that is revolutionizing the computer world. Their idea? Rent their gigantic business infrastructure and services via the Web, thanks to their huge data centers, these "farms" that can accommodate up to 100 servers 000.

It is true that these two global companies have invested billions of dollars into these gigantic and expensive tools of computing and storage.One for its sales online, the other for its search engine whose algorithms are greedy in power calculations and, therefore servers.

In spring 2006, Amazon launched the leasing business called Amazon Web Services.

Low-Cost Computers

With Internet access, any company can use the computing capacity and storage data from Amazon. And above all it is billed for use. A clever way for the giant e-commerce to recoup its costs. "You think we sell our waste? asked Werner Vogel, CTO of AWS turning to CIOs increasingly concerned by the potential savings represented by the cloud. We offer a unique technology, agile, safe, cheap, secure and with high volumes.It has become a big business for Amazon, as big as e-commerce, "says the leader of AWS without giving further details.

In fact, many start-ups and small businesses who can not afford to invest in an own computer network chose this solution immediately. Others assign only part of their computer when their business demands a bigger consumption computer. Finally some companies have decided to convert entirely to the cloud to make savings in staff and infrastructure, and especially better calculate these costs as if the computer had become a "convenience" as electricity. "Currently, information is still very traditional," says Philippe Bournhonesque, director of strategy for IBM Software in France. The cost of the equipment is expensive, but it must be added that the facility and human resources deployed.The cloud has the advantage of being charged according to usage. You pay only for what you use. "

According to Gartner, sales of computer dematerialized, cloud computing, is expected to exceed 14 billion dollars annually by the end of 2013. IDC, another firm, is more upbeat and consider that services on the cloud will reach $ 44.2 billion end 2013. A drop of water compared to current sales by hardware manufacturers, service companies and traditional software. But the trend toward the industrialization of IT tasks and reducing costs changed the face of techno.

The Internet, elected by the general public is conquering the business world. Now, all groups of high-tech began to cloud. They are not targeting any infrastructure like Amazon.Google has chosen services. Since February 2007, the ogre of Mountain View sells business software accessible over the Internet, such as messaging, calendar, document sharing … sold by annual subscription ($ 50 per user). The Google Apps competitor of Office, one of Microsoft's flagship software, totaled $ 553 million in sales in the first nine months of the year, or 3.25% of turnover from leader Internet research.

IBM and Microsoft have also shown that they were not out of the cloud. Big Blue has developed a comprehensive project called Blue Cloud, with partners. Microsoft has launched in its test platform called Azure cloud computing."We will be the only market to provide the infrastructure, development and software" as a service "that is to say the demand," explains Bernard Ourghanlian, technical director of Microsoft France.

But if the cloud computing will free business investment, it also leaves unanswered questions. These groups, all Americans do not have data centers in France. Companies will they accept that their data is hosted in Ireland, the Netherlands, Belgium. This cheap computer will she need battalions of technicians and engineers active in the business? A cloud passes …

"The companies will pay only what they use"


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The plant Flins for Renault power

Friday Nov 6, 2009

The plant Flins in Yvelines, near Paris, will become the heart of the strategy of Renault electric car, a niche where the group has become the diamond leader. Its CEO, Carlos Ghosn, announced Thursday that the "electric vehicle that will form the heart of our range" will be built in this factory. Marketed in 2012, this model should represent term "nearly two-thirds of sales of vehicles' electrical manufacturer, he said. Named Zoe ZE, it will be of equal size to that of the Clio, which was also released chains Flins. The investment amount was not specified. The state plans to give soft loan of up to 150 million euros.

Renault will launch in 2011 a range of four electric vehicles, whose prototypes were unveiled at the IAA.The group expects a share of this technology in global sales by 10% in 2020. In early October, he said he made the future a small electric car in its range, in 2011, in Valladolid, Spain. This will logically its Twizy ZE Two other cars in the range, the Kangoo ZE (utility vehicle) and Fluence ZE (a family sedan due out in Israel in 2011) respectively should be assembled in the factory French Maubeuge and Turkey.

As expected, the site of Flins also manufacture electric batteries. Renault's Japanese ally Nissan, the Commissariat for Atomic Energy (CEA) and the Strategic Investment Fund (ISF) of the State, on Thursday signed a letter of intent to create a joint venture responsible for advanced research Industrialization and recycling of batteries.The planned production capacity is 100 000 copies per year in 2012. It would reach 250 000 batteries in 2015, according to Christian Estrosi, Minister of Industry.

"The game is open"

The investment of the first phase of the project is estimated at 600 million euros until 2013. The second component includes the development of the second generation of batteries. The ISP will invest 125 million and will own a share "but substantial minority" of all. The ECA will provide Renault 5 million and 125 million. This company aims to supply batteries to all carmakers. "It was a sine qua non for us to invest and be profitable, said Gilles Michel, Executive Director of the ISP in Figaro. Renault will be a major client in the early years, but it will not be alone: the game is opened. "Especially from 2013.It also confirms that Philippe Varin, CEO of PSA Peugeot Citroen. His group already has batteries for its future electric Peugeot iOn (planned for October 2010), provided by GS Yuasa Japanese partner Mitsubishi. But "we think the second generation of models and batteries," says he. To provide with Renault or Bolloré – which opened its plant in Britain – "is exploring options", by Philippe Varin, who has not decided between "manufacture" or "buy" batteries.

"Convalescent, automotive resumes appetite for risk


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Air France: turmoil between pilots and management

Tuesday Oct 20, 2009

Since the crash of flight AF 447, unease is evident among the drivers of the company that does not include the communication of their company and how has managed the replacement of pitot probe implicated in the crash of Flight Rio Paris.

Until last week, supervision of drivers, the so-called NTP managers (technical crews), had remained quiet on the subject and several of his leadership. But since Thursday afternoon, breaking seems consumed. Reportedly, a special meeting was held at the headquarters of the company among the 50 most senior executives of the company NTP and Pierre-Henri Gourgeon, CEO of Air France-KLM and Rovetto Gilbert, executive vice president flight operations, that is to say, the head of security at Air France.This meeting was intended precisely to flight safety in the company and the lessons learned from the disaster of flight AF 447. In the opinion of those present, this type of meeting is very rare for Air France and dictated by circumstances and difficulties experienced by the company.

According to our information, Pierre-Henri Gourgeon announced the organization of regular breakfasts with drivers to be aware of their concerns and demands. The boss of Air France has also confirmed that all probes pitot Airbus A320 would be replaced.

"We did not ask the moon"

However, disappointment was palpable among NTP managers present at the meeting which lasted all afternoon. This is the first time that many of them give up their duty of confidentiality to complain that nothing has been done since the disaster of flight AF 447."We have not been listened to, this explains a part in the meeting. Our drivers expect significant changes, particularly in terms of training. "All managers now speak with one voice to demand a thorough reform of flight safety," said another frame this Thursday. The management kicked into touch. "

But executives NTP ask more. They have demanded such an audit of the company in terms of safety that is led by executives of KLM and Delta, two airlines combined, and that they can have access to all levels of information within Air France -KLM."Our pilots are among the best in the world and yet we have more accidents than our competitors," says one part NTP. "Contacted by Le Figaro, the management of Air France said his side" does not comment on internal meetings "but notes that" the purpose of this meeting was just to put everything on the table following the crash of flight AF 447. The meeting did not at all hectic.

Strengthening the security of flights at Air France is a recurring theme in the company since June and the accident of flight AF 447. The pilots union of Air France (SPAF) and Alter, another organization of pilots, have cleverly captured the subject. They call and be put in place a "permanent monitoring unit" that can have access to air safety reports (ASR), reports written by the pilots after the incident.In their view, such a cell might be more reactive during the first incidents of Pitot probes and encourage their replacement without waiting for the accident flight AF 447.

"We did not ask the moon, but management does not want to hear," Arnoux said Gerard, president of SPAF. The union, which was received with Alter on the subject last October 2, has been opposing an end of inadmissibility. Both unions have written Monday Gourgeon to alert again on the subject. "This is a final notice," says Gerard Arnoux. Afterwards, we will have to file a notice of strike. "So far, neither the date nor the duration of a possible social movement have been discussed.

ALSO READ:

"AF 447: the amazing series of omissions

"Discovery of a traffic ticket airline to Air France


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Quadras SOS!

Tuesday Oct 20, 2009

They are presented as "the cornerstone of the company, but feel" left out "after having invested limitless. A paradox highlighted by the study conducted by consulting firm HR Solutions Alter Ego, and Françoise Toulemonde, marketing consultant and prospective studies (1). "Isolated," "disoriented," in full midlife crisis "… The survey paints a finding black … More specifically, it reveals that the professional motivation of this population are similar to those of the famous generation Y, characterized by individualism and infidelity to the company.

For Quadras, succeed at work is above all a personal project: "always learning" for 45% of them reconcile their pro-life to 39%. In contrast, only 12% believe that success is linked to having significant responsibilities.

If the quadrants have high expectations of HR, over 80% believe that evolution will not pass through internal mobility, but from somewhere else.

For the firm Alter Ego Solutions, "companies have an interest in reconsidering these quadrants, if they do not want to see in smoke from their expertise or simply face an acute risk of demotivation.

The conclusions to be drawn? Companies should treat this "quiet generation", which is showing "signs of impatience."

The study concludes with Generation Y, concluding that this "puzzle recruiters" may be basically a "shell" and that individualism is perhaps generations. A revelation …

(1) Survey conducted between April 23 and 14 mail in 2009, among 1200 men aged executives.


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