French Socialists Want To Reduce Top Manager Salaries By 30%

Trigger

Just read “Wirtschaftsflaute\Frankreich will Chef-Gehälter um bis zu 30 Prozent kürzen”. President Hollande has insisted on 70% income tax for the rich during his election campaign.

In Brief

This measure to reduce top managers’ salary is foremost aimed at the many state-owned companies in France.

Salaries have already been capped at Euro 450,000 for managers at predominantly state owned companies.

The political elite in France are fools!

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