Didier Lombard News
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France Telecom SA’s board voted to keep Chief Executive Stephane Richard in the top job after he was charged last week with fraud linked to his time at the French finance ministry five years ago.
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Former France Telecom SA Chief Executive Officer Didier Lombard was charged as part of an investigation into employee suicides and depression.
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France Telecom SA was charged with mental harassment by a judge who is leading an investigation into employee suicides and depression at the country’s largest phone company.
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Vivendi SA and STMicroelectronics SA, each considering a reorganization to boost their competitiveness, face a hurdle as French President Francois Hollande struggles to keep an election pledge on job creation.
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ST-Ericsson, the semiconductor venture between STMicroelectronics NV and Ericsson AB, said Chief Executive Officer Didier Lamouche resigned as the shareholders seek to exit the unprofitable business.
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STMicroelectronics NV, Europe’s largest semiconductor maker, will probably decide against splitting itself into two units after disagreements between French and Italian executives over the breakup proposal, according to people familiar with the situation.
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Didier Lombard is stepping down as chairman of France Telecom SA on Feb. 23, French newspaper La Tribune reported, citing an interview with Lombard.
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France Inc. has lost 124.3 billion euros ($163 billion) under President Nicolas Sarkozy.
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France Telecom SA Chief Executive Officer Stephane Richard was named chairman, taking lead of France’s largest phone company’s board from former CEO Didier Lombard as part of a succession plan announced a year ago.
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STMicroelectronics NV will sell its stake in the unprofitable wireless-chip venture with Ericsson AB by the third quarter of next year to remove a drag on profitability at Europe’s biggest semiconductor manufacturer.
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