France Telecom’s board is standing by chief executive Stéphane Richard despite the fraud investigation into his time as a top government aide. The directors said in a canned statement that they still had “full confidence” in Richard and his ability to lead the company. “The board considers that the legal measures affecting …
why do you think he got the job?
Presumption of Innocence
"Everyone charged with a penal offence has the right to be presumed innocent until proved guilty according to law in a public trial at which he has had all the guarantees necessary for his defence." - Universal Declaration Of Human Rights, article 11.
He is probably a Messenger, one has to go up to Boloo,Lagarde or Sarkozy to find the true decision maker.
- There was no need for arbitration. Crédit Lyonnais had a major legal victory from the Cours de Cassation just before choosing arbitration, and therefore it was not in its interest at all, it should have continued with the traditional legal way;
- Borloo had been Tapie's lawyer for years;
- Pierre Estoup, one of the 3 arbitrator was well known to deliver "really strange" arbitration (c.f. Elf)
- Jean-Denis Bredin, the 2nd arbitrator, has been active in the same political party as Tapie for years. He also did a very questionable arbitration in another case (les frégates de taiwan)
In short the arbitration was a joke and the French Government should A never have accepted the arbitration and B even if it had it should never have accepted these 3 arbitators.
So clearly it is hard to pin responsability solely on Richard. One should look higher.
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