April 1, 2009

French Executives Give Up Options, Give Them to Employees

NCEO founder and senior staff member

Under intense pressure from the public, striking workers, and Sarkozy government, the two top executives at the French utility GDF Suez have given up their stock options and instead will use the money to provide options to 8,000 individual employees and 4.4 million free shares to its 200,000 employees worldwide.