The French establishment closes ranks to help Lagardère
A fallen star of corporate France survives an Anglo-Saxon assault—for now
SHAREHOLDER BATTLES pit managers against investors at crowded annual meetings. Amid covid-19 the one between the bosses of Lagardère, an ailing conglomerate, and a few irate owners happened largely behind closed doors. On May 5th an activist hedge fund’s bid to topple the scion running the erstwhile blue chip was foiled by l’establishment. The reprieve may prove short-lived.
This article appeared in the Business section of the print edition under the headline “Reargardère action”
Business May 9th 2020
- The pandemic will recast America’s health-care industrial complex
- The pandemic is a chance to revamp India’s pharmaceutical industry
- The French establishment closes ranks to help Lagardère
- Chinese carriers restart their engines
- Parks and resorts powered Disney’s growth. Then came covid-19
- Japanese offices struggle to adapt to social distancing
- Don’t stand so close to me
- The buoyant oil traders
From the May 9th 2020 edition
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