Known for its ranking of billionaires, business magazine Forbes embarked on an exercise far less complimentary: the winners of the "worst bosses" of the United States. Analysis comes as two large groups have made headlines on Wall Street this week amid controversy. A case of fake CV and will cost him his post at Scott Thomson, the CEO of Internet giant Yahoo!, while the major bank JPMorgan Chase is seriously undermined by a "trading error" of over $ 2 billion bad credit pay day loans. But his boss Jamie Dimon, he will not have suffered the wrath of its shareholders at the general meeting of the group. Far from these controversies, some bosses would nevertheless "far more harm to the groups they lead, and their investors, employees and suppliers," according to Forbes. In his sights, five CEOs who "should have been transferred for a long time"

Steve Ballmer, Microsoft CEO. Photo credits: FREDERIC J. BROWN / AFP

CFDT reminded the president-elect's "strong discourse on the need to collect the French" and his promise of making the social dialogue "a priority in his working method." The central François Chérèque believes that there is no time to lose, including employment and purchasing power. It requires "stimulus" and request an initial meeting with the new government before the parliamentary elections.

Jean-Claude Mailly, head of FO that does not give instructions to vote and feels "free face to the new power," also calls for "bilateral meetings" to prepare for the social conference in mid-July. He called Francois Hollande to resume a "normal dialogue". "This means that you are not criticized, treated intermediary bodies, stigmatized, as this would only worsen things."

Quiet during the campaign, the CFTC was the first to express wishes for success at the president-elect. The Central Christian wishes "that the five year term is synonymous with social justice" and invites Francois Hollande to "question the effectiveness of policies of austerity in times of recession" – what, candidate, he had by himself .. .

The UNSA also refers to "the conference on growth and employment" of mid-July. "If we want to effectively solve social and economic problems, we must mobilize all social actors," says Luc Bérille, its general secretary. Not entirely disinterested, since the UNSA is not officially representative …

The silence of the CGT, the telegram Medef

The Solidarity union (SUD) welcomes "good news" for the defeat of Nicolas Sarkozy and asked Francois Hollande to take "immediate" decisions. For example, increasing "in 1700 euros net" the minimum wage, suspend layoff plans. However, silence yesterday in the CGT, the union that had the most spectacularly called out Nicolas Sarkozy.

As employers, Laurence Parisot Sunday night sent a telegram of congratulations to President-elect, giving him all his "good wishes". The president of MEDEF had cringe during the campaign by touting the "extraordinary job" done by Nicolas Sarkozy.

Prior to rectify this and ensure it will work with the winner, whoever he is. CGPME, meanwhile, merely to recall the promise of Twitter Francois Hollande reduce the corporate tax for small businesses.

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A thousand people attend the Insead MBA each year. The program comes in sixth position in the world rankings from the Financial Times, and is ranked 2nd among European MBA full time. There is no exception to the rule of international with over 80 different nationalities on its campuses in Fontainebleau and Singapore, none of which exceeds 10% of the workforce. Indispensable factor in the passport to success at world level, participants have the opportunity to study on three continents, in its schools and via exchanges with partner universities in America.

Over the years, MBA has developed many general elective courses – 70 to this day, to deepen the core courses. 5 years since the dimension of entrepreneurship has risen sharply among students. "80% choose at least one of the courses in the department and they are increasingly likely to start their own business," says Caroline Diarte Edwards, Director of Admissions, Marketing and Financial Aid.

In 20 years, the MBA has grown from a course on entrepreneurship at about twenty. "The students understand that a lifetime career in business is interesting, but if they want to express themselves and increase their earnings, it is better to be a shareholder, and in this case, create or buy a company is a excellent solution, "says Timothy Bovard, Professor of the program.

Priority scenarios

The highlight of course, the emphasis on the scenarios. "Our students have 3-6 years of professional experience, they come to test their ability to undertake, discover new opportunities. Beyond the academic part, their question is: what can I draw from my knowledge? "Says Timothy Bovard.

Some modules are the stars and a magnet for future graduates. The "bootcamps" (training camps) launched five years ago, were first paired in courses on business creation. The principle: in 48 hours, this is for a team of 2 to 3 people, to find an idea which will create a company and construct a business plan and develop arguments for presentation to real investors at the end of the weekend. The methodology has been applied to subjects on the buyout, technology deployment

.

Courses on the first 100 days as President of a company placed in groups of 4 persons in leadership positions. They live for 15 days recovery period, meet journalists, trade unionists, bankers, customers, etc.. "We can do more real by being outside the company," said Timothy Bovard. Co-creator of the module, it is preparing a course on the first 500 days in the world of startups.

Can we go further and break down the barriers of the classroom? The department has launched a web platform that allows participants to "buyout" to evaluate the companies that submit their MBA Alumni wishing to acquire a business.

In total at least two students make a bid for their MBA and 20 to 25 new businesses are created by graduates each year. Witness this former student who started a year after its release from Insead a drug discovery company today listed on the London Stock Exchange, or the graduate who took over in 1996 a small company in southern France. It releases more than 600 million euros in turnover and is called L'Occitane

.

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In 2012, the autonomous communities must get their deficits below 1.5% of GDP. Regularly pinned by the rating agencies and international observers, the regions represent about 35% of public expenditure in Spain. In 2011, it is these governments that have caused much of the slippage in the government deficit of 6% of GDP in Brussels promised to 8.51% finally recognized. The Conservative government of Mariano Rajoy for stepping up the pressure as they bend to the rule of austerity.

First step, last Saturday: Rajoy has met 11 of the 17 regional presidents, those belonging to his training, the Popular Party (PP). Verdict: "I have seen an optimal response on the part of all the administrations involved, said the chief executive. Resigned, if you want, but in any case committed to implementing their new obligations. "In short, regions need to update their budgets to take account of national accounts. For transfers from central government will be limited. The second stage took place on Wednesday, with the call of the Minister of Health, Ana Mato, regional leaders. Health is, with education, the main item of expenditure of the autonomous communities. But Madrid has decided to trim 7 billion on the health budget.  

Retirees will pay more for their drugs

For weeks, regional presidents have launched trial balloons and explored new avenues for spending less: institution of user fees on consultations or on drugs, reducing the range of treatments offered for free or recentralization of health administration.

Today, Mato wants to push self-governments in the same direction. First announcement: retirees must pay for their drugs. So far, they were exempt, and now they shall pay 10% of the price indicated on the label, to a maximum of 18 euros per month. As for the assets, also will pay more business cards design. The bill would vary between 50 and 60% of the total price, depending on the tax form to every Spaniard. For now, all assets pay the same rate, 40% of the actual price. This new pricing should help save 3.7 billion euros.

The central government intends to finally exercise its watchdog role accounts. Before the end of the month, the autonomous communities must show in Madrid a "plan of financial imbalances" detailing the measures to restore the accounts. On Wednesday, Secretary of State for the Regions has threatened regions lax. "The Autonomous Communities may be subject to intervention if they are unable to meet their financial obligations," said Antonio Beteta. In other words, Madrid could take control in areas too spendthrift. A revolution in one of the most decentralized countries in Europe.

Banks: a peak of bad debts

Spanish banks are muddy in the economic crisis. In February, the rate of bad loans reached 8.2%. This is a record since 1994: the beginning of 1997, impaired loans did not exceed 1% of total loans. In one month, outstanding loans to businesses or people at risk of insolvency has increased by 3.8 billion to $ 144 billion. The austerity measures introduced by the Government to reduce the country's deficit partly explain this further deterioration. She falls ill while Madrid multiplies remediation plans to try to reassure international investors about the soundness of its banking sector.

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Google remains an unconventional company in many ways. In terms of governance, however it comes to side with the practice in the media sector. The search giant announced on the Internet Thursday night creating a new class of shares which confers no right to vote. This reform will enable the two co-founders of Google, Sergey Brin and Larry Page, and their partner Eric Schmidt, who surrendered the CEO Larry Page to a year ago, to lock their controls on capital and strategy Company.

The three men already control 67% of the voting today through their actions "Class B". On their own, Sergey Brin and Larry Page and hold just over 58% of the voting rights. However, the continued distribution of stock options to employees gradually erode this position of strength. To reduce this dilution, Google ranks the system in place so long at Comcast, News Corp. or even The New York Times.

The new songs called "Class C" will be listed separately. They carry no right to vote. But, if Google decides to distribute a dividend, the holders of these shares may perceive them. This probability increases as Google continues to accumulate considerable liquidity. Its cash exceeds $ 49 billion already. Besides their use in the distributions of stock options, these new shares may also be used to finance potential acquisitions.

Divide by two securities

Traditionally, this governance structure serves the interests of families who want to maintain their dominance in a listed company. The Murdoch media empire for News Corp. or Roberts for the cable operator Comcast fall into this category.

But more recently, the model was taken over by young companies whose founders intend converse control, despite a lucrative IPO. The new stars of the Web, Zynga, LinkedIn and Groupon, for example, have two types of actions, one of which is reserved for managers or shareholders historical and is accompanied by superior voting rights.

Mark Zuckerberg, Facebook founder, also intends to continue to control the voting rights of his company once it is introduced on the stock market, probably in May.

In addition, Google has responded to public inquiries wanting to buy stocks cheaper per unit. The Class A shares are divided into two. Today, before the division, the Class A share is $ 630. After division, the same amount would buy two titles.

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And five! The Prism – which includes 600 companies of all sizes and interim accounts for 90% of turnover in the sector – has released disastrous figures for temporary employment in February. This further decline – the fifth in a row, after years of uninterrupted growth – reached 6.8% last month compared to same month last year. Worse, there is an accelerated decline after a month of January 2012 which showed a decline of 3.9%. In total over the first two months of 2012, the decline already exceeds 5%. Bodes ill for the rest of the year, temporary employment are a leading indicator of general labor market

.

All sectors have plunged last month: -5.2% for temporary staffing industry, -5.4% in services and even -14 guaranteed online payday loans.4% in construction. Again bad news for "when the building goes, everything goes, especially employment," the saying goes … Except for executives and professionals (who posted a 3% increase), all other occupational categories are decline: -6.1% for skilled workers, -9.6% for unskilled and -9.7% for employees, these three categories represent 87.8% in temporary.

Apart from the Midi-Pyrenees (3.2%), all regions have been affected by the contraction in February in temporary. And, sometimes violently. Folds have well exceeded 10% in four regions (Picardy, Ile de France, Champagne-Ardennes and Alsace). About two months, only the Franche-Comte and Limousin combine a double-digit decline.

Despite the announcement by Sony 1.2 million PS Vita installed in the U.S. and Europe after the first week of sale, the new portable video game console of the Tokyo group experiencing disappointing start. Reportedly, she has sold half as well on the Old Continent as the PSP, when it was released in September 2005. Developed under the direction of Kaz Hirai, who will be April 1, the head of the Japanese group, the PS Vita was last at least 250,000 units a week, in combination, in major European countries. Over the same period, the PSP had reached 600,000 copies. The rise of smartphones and internet tablets reduces the attractiveness of the PS Vita.

In France, with 42,000 units sold in the first week, the new handheld is twice worse than the PSP. Retailers have been less well stocked than in 2005 and no stock outs are noted. In Britain, the situation is more serious: the PS Vita crawls around 50,000 copies sold against 189,000 for the PSP. In Australia, major retailers refuse to offer it.

To erase this bad start, Sony should follow the lead of Nintendo in 2011, which was not as successful as hoped with its portable console 3DS, launched at a price too high. A price reduction of the PS Vita, sold at 250 euros for the Wi-Fi version and 300 euros for 3G, is expected by experts. But the Japanese can not reduce its prices too quickly. He urged distribution agreements in Europe with Vodafone and in France with SFR for the PS Vita in the 3G version. Finally, a rapid drop in prices could be interpreted as the first failure of Kaz Hirai, the next CEO of Sony.  

"Read this article in English

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While the Lorraine steel industry is fighting for its survival, the region is to take advantage of its central location in Europe to attract Chinese companies. Monday, the company TerraLorraine presented in Thionville (Moselle) his plan to create an area of ​​130 hectares on which Chinese companies will be moving.

"We target medium-sized Chinese businesses, with between 5,000 to 20,000 employees, says Régis Passerieux, president of TerraLorraine. This is to welcome their branches, subsidiaries or representative offices in Europe. "This project, located Illange, between Thionville and Metz, will take place in five phases over a period of ten years. The first is about 245,000 square meters. "The building permit has been issued, said Regis Passerieux. The construction will start in September or October for delivery late 2014 or early 2015. "

Attempt to Chateauroux

The project proponents expect the creation of 30,000 direct jobs in ten years, including 3000 for the first phase. "We have already received numerous Stay Tuned! From Chinese companies," commented President TerraLorraine.

This subsidiary of an investment fund specializing in real estate business, Comex Holdings, is investing € 150 million directly in the first phase, without aid.

"A business center value-added"

Lorraine is not the only region to show interest in China. At Chateauroux (Indre), a former NATO air base and is already in work to attract Chinese companies. Launched with great fanfare two years ago, this area, which would accommodate 4,000 jobs, slow to see the arrival of Chinese companies.

"We want to make a business center TerraLorraine value-added, not just a center for retailers," says Regis Passerieux. Voices are raised to point the risk of these locations: the Chinese would simply assembled on site products made in China. They would get the precious label "Made in France". "It is better to be active rather than undergo massive imports", however, defends Passerieux Regis.

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Olympus is preparing to renew its leadership. The group of optical and medical imaging, the center of a scandal hidden losses, said Monday it has chosen children of the seraglio to compose his future Board. The group is now led by Hiroyuki Sasa, now in charge of marketing.

Olympus has also promised to appoint six outside directors (most already linked to the group) of the eleven new members to its board of directors to be presented for approval at a special meeting of shareholders on April 20.

A scandal of hidden losses of $ 1.5 billion spread over thirteen years to put down the reputation of Olympus. Last summer, the group managing director, Michael Woodford, was curtly thanked by its board of directors after requiring clarification of accounting anomalies revealed in the press.

Since then, the president "historic" Olympus and six executives were arrested. In a country where a charge often means a conviction (almost all of the defendants are convicted in Japan), these arrests have cast doubt on the sustainability of the group in its current form.

Exit the ambiguity

Too broke out, could be sold by Olympus divisions to another industry. Its medical imaging division in particular displayed an insolent financial health despite a fiscal year 2011-2012 which looks disastrous for society (200 billion yen loss forecast for the year which will end in late March). Sony has already shown particular interest in the activities of Olympus.

Meanwhile, the current management group, on borrowed time until April 20, closely linked to the ousted president, trying with difficulty to break the ambiguity. The next president is chosen as Olympus just SMBC, the bank group, so its main creditor, who has covered, probably by laxity, all of its accounting maquillables.

"It is not desirable that the president comes from SMBC", pleaded last week the U.S. fund Southeastern Asset Management, which owns 5% of Olympus. Wasted. To date, most members of the board are being sued … by Olympus.

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