That will permanently vanish for negative vote

The Italians in the North will be more talented than the Germans in the South to conquer the heart and the portfolio of American consumers Where Daimler suffered a failure as heavy as the artillery that he had committed to Chrysler, paid 36 billion dollars in 1998, Fiat has the ability to travel light. The ticket of entry on a continent that he deserted in 1993 should hardly that cost him the contribution of its technology and expertise in small cars. He savours certainly taste of revenge. In 2005, GM had paid to Fiat $ 1.5 billion to not be forced to exercise the purchase option it held on the father of the Cinquecento. Today, pass an agreement with the Turin is the condition for Chrysler to reach 6 billion sought the State! Convinced that he must grow if it wants to be part of the survivors of the big pile-up, Sergio Marchionne there is especially a perch to seize. Its strength is that it is not obliged to do so. It may therefore discuss with serenity the negotiations with the US administration in the knowledge that it has nothing to lose and everything to gain. The "saviour" of Fiat in any case able persuade investors who yesterday made advance his title three times faster than the Milanese index.

To live happily...

See the beam in the eye of his neighbour does not forget the straw is in his own, but relieves good balance. The Executive compensation are certainly not perfect this side of the Rhine, but they have nothing to learn from those of Porsche. Unnecessary to imagine a Gallic controversy, the emoluments of the members of the Executive Board are to much more discrete than the cars coming out of their factories. The automaker justified in its annual report that publish them individually would be "intrusion into their right to privacy". It is true that the moneys are finally small to the largest "hedge fund" of Europe, who removed 6.8 billion euros of its Volkswagen stock options gains in six months. Six key leaders won 23.9 million euros each on average last year, or 27 more in one year. Nearly 97 of their earnings were based on a "connected to the performance" variable part, confirming the affiliation of Porsche more to the world of finance to the industry. The mechanism of this variable remains as unknown than options that make the fortune of the group for a year and a half. There is that the minority shareholders who, having seen net debt tripled in six months while the title lost 59 on the stock exchange, can ask for moving Porsche.

Business records

It is the records for which person is fighting. The Belgian financial did in must not less thank London enabled them, out the pound sterling, to win the Palm of the monumental loss of the history of European companies. 28 Billion euros in 2008-induced collapse of Fortis contribute with the 24.1 billion pounds recorded in Royal Bank of Scotland, holds title to the United Kingdom. At least, can the Government Van Rompuy is proud to have promoted a private solution, when that Gordon Brown was able to avoid nationalization. Of course, the final green light for a resumption of Fortis Bank by BNP Paribas is still in the hands of the shareholders of Fortis Holding. But they will derive a bullet in the foot if they refused. The group, now refocused on Belgium and the international insurance is more exposed than in height of about 7 to a toxic portfolio of EUR 11.4 billion, compared to 60 if not. It won the title back to 59 since the new belgo-français agreement, early March. Is paying that 0.5 times its tangible own funds the lowest level for an insurer in Europe it maintains still probably a potential for appreciation. That will permanently vanish for negative vote.