Between May and December 2008, Western Digital, one of the largest computer hard disk manufacturers in the world, experienced a severe shock*. Its stock price fell from $37.53 to $11.45. In 2009, the company reported in its proxy statement that it used discretion, as opposed to objective performance metrics, for evaluating its CEO. In …
Much of the corporate value creation today comes from machines, robots, and computers. Alphabet, the parent company of Google, has a market value of 553 billion U.S. dollars, and employs 70,000 people. Boeing, an older and more traditional firm, is valued at 101 billion U.S. dollars, a fifth of Alphabet’s market value, and employs 161,000 …
In March 2015, eBAY announced a policy for gender and race diversity on its board of directors; hencefort, it will actively search for women and minorities when recruiting directors. This policy is news at eBAY, whose boardroom has traditionally been homogenous. Last year, for example, eBAY’s board counted 10 men and 1 woman. In 2015, …
Arnaud Montebourg, the minister in charge of all things corporate in France (officially, le ministère du redressement productif), seems much in favour of … all things French. Companies are encouraged to stay in France, to produce locally, to hire locally. Recently, Mr Montebourg questioned the transaction between the French Alstom, which invented the TGV decades …
In 1977 the United Nations decided to dedicate March 8 to women’s rights. Here in France, as in many other places, women’s rights still have some way to go. French women earn on average 25% less than men. Women are more likely to do part-time work: 82% of all part time work in France is …
In 2013, I intervened in Montreal’s political process and submitted a petition to my neighbourhood council. The video, in French, shows me explaining the petition to the mayor and his staff.
Much proverbial ink has been spent on Mr Hollande and the affaire. This weekend, Le Monde had a big debate in its culture pages on how much should be publicly known about the private lives of les politiciens. It made an argument that I have come across various times already, and that relied on the idea …
In 2009, I wrote an article about Chrysler called “Tout un défi!” (i.e., “What a challenge!”) for La Presse, a Montreal daily newspaper. The article discusses the future of Chrysler, which was then in the midst of a massive reorganization.
I recently watched the documentary Blackfish. It tells the story of Tilikum, a star orca at Seaworld Orlando. Orcas, in spite of being called killer whales, are not known to have killed humans in the wild. Left to their own devices, orcas roam the oceans where they cover daily distances large enough to put the …
Earlier this year, I wrote about how locavores may end up encouraging local firms to persist in doing what they are not great at doing. Yet such persistence is not necessary. In today’s interconnected environment, local firms can focus on doing what they are good at and leave the rest for others. A local firm does …
Elections are upon us in Québec, with all the ensuing brouhaha and commotion. After having lived here for a few years, I have sprouted an interest in Québec, and Canadian, politics. This in spite of the fact that I cannot vote, since I am not (yet) a Canadian citizen. But then again, I am told …
If only we knew. Alas, an answer is difficult to come by, as the recent executive pay controversy at the Royal Bank of Scotland (RBS) illustrates. In January 2012, the CEO of RBS, Mr Stephen Hester, voluntarily renounced being paid 3.6 million shares of RBS, worth about one million pound at the time. Mr Hester’s …