France - Oxfam reports on inequality and wealth distribution - May 31, 2018

 Basic, the office for social analysis, co-produced a report with the NGO Oxfam France that aims to fuel the public debate on the sharing of wealth. One of the findings of the report is that French companies are paying out the vast bulk of their profits to shareholders, leaving little for investment and even less for employees. In the 2000s companies paid out less than a third of profits in dividends, today it is more than two-thirds. The report shows that firms paid out 15 times as much to shareholders than they did to workers. CEOs' salaries also soared since 2009 to 119 times their employees' average pay, with 54.5% of CEO’s income tied to their company's share price, encouraging them to align their interests with those of the shareholders.

Read on: in English … The report: in French … Press statement: in French …

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