Friday, April 13, 2007

France's Last Angry Woman: "J'Accuse!"

Segolene Royal, France's gadfly Socialist presidential candidate has pinned the tail on the donkey.

In this case, the donkey is Noel Forgeard, former co CEO of Festung Airbus who, in a time honored tradition that George Orwell would have recognized, was treated to a nice golden parachute as the price of his departure from da Festung.

It seems that Noel got himself a nice $11.4 million severance package, and this was despite his dumping his Airbus stock in advance of damaging news becoming public about the state of delays in the A380 program that did, in fact, send the stock right in the crapper.

Ms. Royal has suggested that Forgeard ought to disgorge all the ill gotten gains he received, because when all the cards are on the table he did a lousy job running the show at Airbus.

Segolene, if you ever feel like entering American politics, we could sure use you.

Editor's note: You've probably been wondering where I've been lately. Well, I am self employed and I've been pretty busy lately, and being self employed I can't control my work flow. Simply, you take the work and then try and figure out what to do with it. At this point, I have reached a place where I can chill a little and do some thinking and writing. It's good to be back.


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