According to a report from Oxfam France, the payments to the shareholders of the CAC 40 increased by 70% since the financial crisis (2009) 2018.
the companies of The CAC 40 have been privileged for ten years to their shareholders at the expense of the environment, their employees and of women, denounces the NGO Oxfam in a report released on Monday and including the previous edition had attracted criticism on its methodology.
“record Dividends, wage gaps are dizzying, short-term profitability… The CAC 40 is against the current good economic sense,” said Quentin Parrinello, co-author of the report entitled “CAC 40 profit next day ?” and spokesperson for Oxfam France, quoted in a press release.
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“Our study shows how in the last 10 years under the pressure of the majority shareholders, the companies of the CAC 40 have chosen to dedicate an ever stronger from the wealth created to pay dividends to their shareholders rather than to increase the value of low-wage and finance the ecological transition at the height of the needs,” he added. The “pressure” of the shareholders “prevents the companies to take into account a longer time horizon and invest at the height of the needs in the ecological transition”, he still regretted it.
According to the report, the payments to the shareholders of the CAC 40 increased by 70% since the financial crisis (2009) 2018. During this ten-year period, CEO compensation has jumped by 60%. In contrast, the average salary in these companies “increased by only 20% and the MINIMUM wage by 12% over the same period,” said the NGO, which regularly condemns the inequalities created in the economic world.
Limit the wage gaps
“In 2018, a leader of the CAC 40 had already earned the equivalent of a MINIMUM wage annual on January 2,” says Oxfam, which is unworthy also of the low representation of women in the directions of the CAC 40. “The end of 2019, women accounted for an average of 20% of the leadership teams in the CAC 40, they are half of the employees, and 5 businesses had no women in their governing bodies”, she noted.
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in the Face of this situation, Oxfam calls on the French government, which is preparing a recovery plan for the new school year, “to adopt rules to cap dividend payments to finance the ecological transition”. She also asked him to “limit the deviations of wages, revalue the trades dominated by women or even strengthen the representation and powers of the employees in the decision-making bodies”.
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two years ago, the previous report Oxfam had presented France as the champion of the world in terms of the distribution of dividends to shareholders, giving rise to the virulent reaction of the Medef, who had treated of the “biased”.
