Entertainment Capie-Credit Lyonnais case. Condemned, Can Stéphane Richard remain CEO of Orange?

13:40  24 november  2021
13:40  24 november  2021 Source:   ouest-france.fr

Stéphane Bern: After announcing his departure from Paris, he confides on Anne Hidalgo

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Stéphane Richard, le PDG du groupe français de téléphonie Orange, lors de la présentation des résultats annuels de l’entreprise, le 23 février 2017 à Paris. © Charles Platiau / Reuters Stéphane Richard, the CEO of the French group of Orange telephony, when presenting the annual results of the company, on February 23, 2017 in Paris.

at the head of the French telephony group since 2010, the former chief of Cabinet de Christine Lagarde sentenced to the Capie - Credit Lyonnais

Orange will convene this Wednesday 24 November a board of directors to discuss the governance of Group After the condemnation of his CEO Stéphane Richard to one year in prison with reprieve by the Paris Court of Appeal in the Capie - Credit Lyonnais case, we learned Tuesday. At the heart of the directors' discussions of the French Telecom Group, the future of the former cabinet director of the Minister of the Economy Christine Lagarde within the group and especially his estate since he should be removed from his duties after the decision of justice.

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Stéphane Richard, who had so far denied any offense, was accused of complicity of scam, charge for which he was relaxed, and the diversion of public funds in the process of arbitration at the end of which the Now late Bernard Tapie had received some 400 million euros in 2008.

resignation in case of conviction, according to Mayor

in January 2018, before a first decision which had resulted in the relaxation of all the accused, Bruno the mayor had Indicated that "if there is a sentence of Stéphane Richard at one point, he will immediately give his mandate" . His conviction to one year suspended prison and a fine of € 50,000 a fine should precipitate the end of career at Orange for this man who sailed between politics and business during his career.

Cornet at the level of ... Salah!

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As far as in the government, it is regularly hammering that the bosses of public groups must resign in case of conviction.

But the former senior official has already told the press that he would not cling to his position as Director-General at the end of his current four-year term, which ends in May 2022.

Read also: at Orange, Danone, L'Oréal or Saint-Gobain ... CEOs no longer have the rating

he had, however, issued the wish to remain in the presidency of Orange. In this perspective, the Spencer Stuart Headhunter was recruited several weeks ago by the Group's Board of Directors, indicated several sources to the Reuters news agency.

His ambition to remain president of Orange should be represented because of his judicial conviction.

a first condemnation in 2007

Stéphane Richard, who assures having carried out his work and have played only a secondary role in the arbitration process , was paid at the end of the first trial held in 2019 , When he was systematically present at the hearings while the case sparked a strong media attention.

But it is not for its first case. Former Christine Lagarde's cabinet manager had already been the subject of a tax recovery in 2007 of € 660,000 on his income from 2000 to 2003. A "5% bad faith penalty" had been claimed to him.

The forgotten tactical mind of Elizabeth Woodville, also known as The White Queen .
As the wife of Edward of York, Elizabeth Woodville was given the unofficial title of the 'White' Queen, which is how she is remembered today. It was a name bestowed upon her during the British civil war of the 1400s, known as 'The Wars of the Roses' — a white rose was the symbol of the house of York. At the time, the country was at war with the Lancastrians (the reds) and the Yorks (the whites), who were fighting for the crown. But Elizabeth is also remembered as the mother of the missing 'Princes in the tower.'READ MORE: The sad life of Empress Elisabeth of Austria © Getty A portrait of Elizabeth Woodville, thought to be drawn in 1465.

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