Friday, August 31, 2012

Tangled Web

Sometimes one gets the impression that all of France is one gigantic interlocking directorate. The new public investment bank promised by Hollande during his campaign will be created with the advice of the private investment bank Lazard Frères, which is headed by Matthieu Pigasse, who supported Hollande for the presidency, is a stockholder of Le Monde and owner of Les Inrockuptibles, which employs Audrey Pulvar, the companion of redressment minister Arnaud Montebourg, who is miffed that he wasn't informed of the decision to consult with Lazard, made by Pierre Moscovici.

1 comment:

James Brown said...

in other parts of the world, its called crony capitalism.