BERTRAND COLLOMB/
Article Abstract:
EVA (economic value added) is the management performance criterium set up by the US cabinet Stern, Stewart & Co. The criterium, which measures the quality of a company's management, is positive when the management adds value to the company. The French cement and construction materials group Lafarge is one of the first companies which have introduced the EVA system in France. To encourage its staff (worth 63,000 people after the acquisition of Redland) to become shareholders, the group wants to increase its capital in the beginning of 1999. It should take three years to Lafarge to fully implement the system which will include a premium for those executives who will meet the EVA objectives. Today, the group already uses the EVA as a criterium prior any major investment, but Lafarge would not renounce to more conventional methods such as the growth of sales or gaining market shares. The group's intuition commands that Lafarge should invest in Asia, a strategic market though the return on investment is not expected tp happen before three or four years.
Comment:
French cement & construction materials group is one of first companies which have launched economic value added system in France
Publication Name: Expansion
Subject: Business, international
ISSN: 0014-4703
Year: 1998
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Dopage : les laboratoires bottent en touche
Article Abstract:
French pharmaceutical laboratories say that they do not benefit from the illicit sports performance enhancing drugs, but there remains a question concerning the impact which this fast growing market has on laboratories. Medications, either purchased on the black market or by prescription, represent 70% of these cases, while narcotics represent 30%. The traffic in performance-enhancing drugs, including counterfeit, is estimate at around FFr 4bn in France. Professor Escande, the head of a commission investigating this problem, 20% of erythropoietin (EPO) and 20% of the growth hormones in France are diverted for fraudulent misuse. Anabolic steroids represent 20% of the cases of illegal performance-enhancing drugs.
Comment:
France: Pharmaceutical laboratories say that they do not benefit from the illicit sports performance enhancing drugs
Publication Name: Expansion
Subject: Business, international
ISSN: 0014-4703
Year: 1998
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AGROALIMENTAIRE
Article Abstract:
The French subsidiary of Kraft Jacobs Suchard is going to launch the Record operation at its V lizy head office in the Yvelines in June 1998. The group's divisions will now be oriented towards a client rather than a product. In order to re-establish the balance of power with large retailers, four retail chain directors positions will be created. Moreover, 15 to 20 jobs will be eliminated, but no one will be laid off. This operation is expected to save about FFr 10mn.
Comment:
French subsidiary will launch the Record operation at its V lizy head office in the Yvelines in 6/98
Publication Name: Expansion
Subject: Business, international
ISSN: 0014-4703
Year: 1998
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