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Vivendi (A): Revitalizing a French Conglomerate
Essay specific features
Written by:
Kirk D
Date added:
April 6, 2017
Level:
University
Grade:
A
No of pages / words:
11 / 3029
Was viewed:
7868 times
Rating of current essay:
Essay content:
The origin of this cross-shareholdings can be traced to the period 1986-1988 during a time of "cohabitation" in French government between a social president, Francois Mitterand, and a more conservative Prime Minister, Jacques Chirac. Afraid of the inability of the French weak capital markets to absorb large quantity of shares domestically and hesitant to open ownership of France's "crown jewels" to foreigners, the French government encouraged large privately owned firms to soak up the new shares offered during the privatizations...
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Investment growth was negative and consumer spending weak. By 1997, unemployment in France reached a post war record of 12.8%. Economic growth had flattened, and economic pessimism permeated both public and private sectors.
Not only CGE have to operate in the difficult economic environment, but, as the largest employer in France in 1995 with more than 217,000 employees...
displayed 300 characters
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