Arnaud Lagardère: From Wealth to Debt and Back Again – A Story of Corporate Mismanagement

by time news

Justice

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The heir lived a long life for a long time, confusing the treasury of the group that bears his name with his wallet. Convicted of “misappropriation of corporate assets”, the man who is now nothing more than a well-paid employee of Bolloré has regained his chair as CEO and is getting rid of debts by selling his shares.

A little trip and then back again. He was removed from his post on 29 April after allegations were made within the group “Who wears [son] Name”He reminded the judges in his first appearance report, which was disclosed World and consulted by release, The 63-year-old businessman returned to his headquarters on the Rue de Presbourg through the front door. The investigating chamber of the Paris Court of Appeal lifted at the end of June the temporary ban on the management of companies that had been imposed on him by magistrates. The CEO of Lagardère SA was reinstated as head of France’s leading publisher Hachette Livres on July 3, once again thanks to a meeting of the board of directors on June 28. Still, doubts remain over Arnaud Lagardère “dissemination of false or misleading information”, Of “Presentation of false accounts”, D’“buying votes”, of various “Misappropriation of corporate assets” as well as “Non-deposit” Accounts of his companies, lawsuits

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