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

Jamie Dimon did not anticipate that the general meeting of shareholders of JPMorgan Chase is held five days after his embarrassing revelation of a "trading error" of over $ 2 billion. In Tampa (Florida), on campus surrounded by palm trees of the "back office" of the largest bank in the United States, the boss of giant New York to its shareholders renewed the apology on last weekend. "This would never have happened … All corrective actions will be taken," Jamie Dimon promised.

Despite these exceptional circumstances, the meeting lasted only fifty minutes. And how the bank treats its customers in trouble with their mortgages will be raised as many questions as the famous trading losses. That some called him "the king of Wall Street" will still be held accountable in the coming weeks. The FBI has opened an investigation into the matter. While those directly responsible for "gross error" already thanks, Jamie Dimon did not give details to its shareholders on Paris failed to in London. One reason for this silence: the bank losing positions are unsettled. In disclosing details could make things worse by giving to other market participants with useful information to speculate against the positions accumulated by JPMorgan Chase.

A motion put forward by pension funds was to separate the CEO of the bank as president of the board. Designed before the fiasco last week announced it scored significantly from 40% of the votes. Jamie Dimon, however, will therefore continue to accumulate these functions fast payday loan no faxing. And the advisory vote on remuneration received 91.5% of the votes, far more than many other banks recently shaken by their shareholders.

Institutional shareholders, however, promise to analyze closely how the error is trading will be paid next year. They want some of their bonuses are retroactively removed. "It is possible that we do this," said Jamie Dimon to reporters at the end of the meeting.

Rising prices

In mid-session Tuesday for the first time since Friday, the course was part of JPMorgan Chase upward, reducing to less than $ 16 billion loss of capitalization of the bank since Friday. At nearly $ 139 billion, the market value of the institution still exceeds by more than 60% that of its rival Bank of America and Citigroup.

Barack Obama invited a female talk show on ABC, has implicitly recognized that this case does not affect the strength of JPMorgan Chase. "JPMorgan is one of the best managed banks. Jamie Dimon, his boss, is one of the most intelligent bankers that we have. And despite this, the bank loses $ 2 billion and losses continue to rise … We do not know all the details. The case will be investigated. But it shows why we voted the Wall Street reform … We could have had a bank that was not as strong, not as profitable, but that would have taken the same risks and we could be forced to intervene, "said estimated U.S. President.

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HEC loses its top spot this year and comes in 2nd place … but the ball remains in the European camp, since it is the Spanish business school, IESE, which holds the top rank in 2012 of "Executive Education", namely the non-degree executive education, conducted by the Financial Times (FT).

The Best 50 schools worldwide in the field made for 5 years by the prestigious English newspaper compiles two rankings: one programs tailored to companies (the "customs") and the catalog of programs, intra-company (the "open ").

"We have focused our strategy on programs tailored to companies. We worked to ensure sticking to their needs, "explains Bernard Ramanantsoa, ​​Director of HEC, who sees annually 7500 participants in such programs. Currently, these requirements focus on change management. "

"A company can send up to 800 employees," says the boss of HEC. For middle management executive committees, through their battalions of "high potential" identified internally, needs to train executives are considerable.

The Financial Times ranking thus directly reward the attractiveness of business schools to businesses. And it is clear that European schools have their own in the face to all Anglo-Saxon traditionally powerful.

These six French schools

Behind IESE and HEC comes the Swiss IMD, beating Harvard, which lost two places. Finally, the ranking of 13 U.S. schools, four British, and not less than twenty European, including six French: CET (2nd), Insead (10th), ESCP Europe (29th), EDHEC (33th) , EM Lyon (40th) and Grenoble School of Management (50th).

"This ranking shows that the French business schools worldwide are on continuing education, and this even though France is a country of more training," commented Olivier Oger, Chairman of the EDHEC group.

Absent from the rankings last year, EDHEC is back in 33rd position. Olivier Oger sees the recognition of a strategy pursued since the early 2000s called "Edhec for business" of redirecting research to companies. The group, which opened in 2011 with campuses in Singapore and London, has recently opened in the heart of Paris, a research center serving the company. Executive Education on business customers include Bouygues, Veolia, Michelin, Suez, but also "the banks based in Singapore who need our services on the subject of governance," says the director.

"The important thing is to be present in the rankings!" Comments does one in Grenoble School of Management who arrives in 50th position. Since entering the charts three years ago, its tailor-made programs continue to ramp up. Hilton, SNCF, Safran, Sanofi, or Schneider Electric are among its customers.

Considered a guarantee of quality, this ranking of the FT is one more argument brandished by schools during the bidding companies.

A new world record price for a camera was reached on Saturday with 2.16 million euros for a unit of the German brand Leica, dating from 1923. The sale, organized by the Galerie Westlicht, held in Vienna.

Only 25 prototypes of the pre-series were manufactured by Leica. Photo credits: LEONHARD FOEGER / REUTERS

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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Candidates with strong personalities, verbal jousting, a dose of suspense, … presidential election, the highlight of French political life, provides a golden opportunity for brands to stand out for their creativity. For some of them, it is even the opportunity to make themselves known. Among them, the Paris Chocolate brand, created last year, did speak of her with boxes of chocolates bearing the image of candidates. Popilz society, which wants to start selling humorous figurines inspired by celebrities, moved, for his part, since its April 23 first characters in the image of Nicolas Sarkozy and Francois Hollande. MarionDem, young designer who launched last December the lingerie brand Panty Me, launched panties printed with the colors of the candidates. Best known and oldest brand Reunion sorry! commercialized a reversible shirt if we hesitate to support the UMP candidate or PS free instant credit score.

In these operations, profitability is not often visit. "We know that this is not a shirt to wear every day. We especially want to build brand awareness, "said Peter Marten, founder of the brand sorry! that focuses on products related to humorous news. Even at the risk a fine for infringement of image rights, as in 2008. At Popilz also, "the goal is not to make profits but to come forward and test the market," says Bastien Rochard, manager of the company. "The presidential election is the best time to create awareness around a brand. Citizens and the media only talk about it for a month. This is an opportunity to talk with humor. "

The figurine "Zarkface", inspired by Nicolas Sarkozy and sold by Popilz. DR

Worrying trend reversal. After several months in the green, indicators of wage guarantee scheme (AGS, the employers' organization which pays wages and severance payments of bankrupt firms) have almost all switched back into the red the first three months of this year. A result of concern that does not bode well for the situation of companies in the aftermath of the second round of the presidential election

.

The AGS notes and "the provisional figures of the first quarter 2012 (ended March 31) already indicate an increase in the number of bankruptcy." No fewer than 4,000 cases have been opened between early January and late March, representing a significant increase of 6% compared to first quarter 2011. The AGS, which is funded by a mandatory contribution of 0.3% of payroll for all companies, still observed a decrease of about 15% of openings in bankruptcy late last year ….. ……

This observed increase of 6% in early 2012 is identical in terms of the number of backup procedures and recorded the number of beneficiaries. So that 12-month rolling the number of employees who received the AGS rose 0.2%, to be around 265,000 people. As for the total amount advanced for a year (wages, notice and / or indemnities companies in backup procedure and then declared in liquidation / receivership), it has also advanced 0.3% to reach almost 2 billion euros. Only positive of this blackboard of the French economy, the amount of recovered debts from businesses assisted (AGS is repayable advances) rose sharply, by 3.3% in annual development. It now stands at almost 700 million euros.

Essentially TPE

There is however little change on the size of companies that use the backup regime. This is still an overwhelming majority of small establishments. Less than 10% of collective proceedings opened in 2011 were indeed concerned companies over 20 employees. More than eight out of ten cases treated were for companies with fewer than 10 employees.

According to data as of March 31, the Rhône-Alpes, Provence-Alpes-Cote d'Azur, Ile de France and Aquitaine still focus 40% of backup procedures started rolling 12 months. The AGS note, however, "significant increases" the number of procedures in the Pays de la Loire, in Picardy, in the Midi-Pyrenees or in Lorraine.

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"The change is now!" The slogan is that of Francois Hollande, business leaders have clearly in mind. For good reason: the change, it is not their cup of tea. Standards changed according to the news, a tax system that grows with the economy, laws that impose new overnight … "If Francois Hollande is elected, tell us once and for all that it will do to businesses but especially then he takes it for five years, 'says almost begging a boss in the industrial sector. "From small to large group of local CAC 40, the stability is claimed hue and cry for years," says an official of Bercy.

Take five years the same policy is still not easy. Nicolas Sarkozy has learned to its cost, which had to come back, as and as Europe plunged into crisis, and unemployment and deteriorating public finances, on key measures of the beginning of his mandate: tax shield, tax credit on real estate loan interest, windfall tax on bank bonuses …

Windfall

Meanwhile the second round of presidential elections, so businesses take their troubles patiently. Is wait-business show – "they have especially put aside their investments," the economists note. Delay the initiation of social plans, according to unions. Wonder about their future boss, their compensation strategy or dividends, when they state as shareholder. And express their concerns about topics that they feel the winds, without really feeling the direction cheap business cards. The research tax credit (CIR) is one of them.

If Francois Hollande said he does not challenge this device "because it is necessary to support research" in France, the employers have understood that his team was working on a shift. "There is a windfall for big business, where we will end so that the CIR has more to SMEs", explained last week Alain Rousset, in charge of the "pact productive" in the PS candidate's campaign, speaking to redirect up … one billion euros. Enough to significantly modify the decisions of entrepreneurs!

Large and small companies also expect to know how they will be affected by "modulation" of the scheduled corporate tax that must be done "for the benefit of SMEs and companies that reinvest their profits."

Banks, they, stomp whether the Socialist candidate will carry out its threat to introduce what he calls his bill consolidation of banking which provides for "the separation of deposit and speculative activities." They should be fixed quickly, the project is provided, if any, for next summer.

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