I asked a Question of Actuality this day to Minister of Employment, XAVIER BERTRAND, relating to the gold parachutes. You will find below question as well as answer of the Government (and video).

Christian Vanneste, There can be capitalism without democracy. There is not democracy without capitalism. But, link between two, it is the ethics, this strict morality which is the mind of capitalism and that demands a decent society.

The European Commission has recommended him since 2004. Holland has already legislated on this subject. Employers' organisations made proposals yesterday. What measures do you intend to take so that financial capitalism gives the place up again in the capitalism of production and of innovation, so that it is again on the wavelength of the ethics of democracy?

The practice of the gold parachutes is in this respect of a blatant indecency. Is it normal that 5 representatives for the most famous American merchant banks share 3 thousand million dollars in two years? Is it allowable that both representatives for a big French firm which made lose jobs to its wage earners and money to its shareholders leave with several million euro? Is it bearable that the boss of a big firm of distribution pockets by leaving 350 years of the wage of a cashier?

The President of the Republic reminded of him in Toulon: it is time to put an end to these indecent provocations. There is not international market of the bosses who fail. There should not be bonus in failure, reward for those who make lose jobs or ruin their shareholders. The maintaining of job, profit-sharing of the wage earners minimal requirements are in this respect.

Mr president. Word belongs to Mr Xavier Bertrand, Minister of Employment, of social relations, of family and of solidarity.

Mr Xavier Bertrand, Minister of Employment, of social relations, of family and of solidarity. Mister Vanneste, examples which you have just enunciated they are bearable? No.

Decency forbids to see such examples renewing themselves but I wish that a balanced speech is held. It is the firms which create treasures which it is then possible to share.

Moreover, it is necessary to greet the business managers who augment when they augmented their wage earners. We need such examples.

We decided to marry three principles: performance, transparency and democracy. The President of the Republic, in his speech of Toulon, so declared that it was necessary to go back to a capitalism of businessmen no and not of speculators. Following this speech, MEDEF and AFEP offered group of ambitious and consistent measures.

It is a question first of all of putting an end to the cumul between the status of social deputy and a contract of employment as well as to the practice of parachutes gilt in case of failure or of voluntary departure of the leader, what one asks for for a long time. It is also a question of supervising retirement hat and to make sure that supplies - options are not any more reserved for anyone in the firm: either the wage earners also use it, or the firm offers them a plan of profit-sharing, the participation in results, or else free shares. Finally, the conferment of actions of performance will be possible if the leader acquires at the price of the market of other actions himself.

We find the means to put an end to the crossed transgressions, but we also want to go farther. We can only approve the employers to formulate recommendations but we must be sure that all directorates will follow the same way; also the President of the Republic issued wish, this morning, that before end of year, all directorates of the quoted firms adhere to these principles application of which will be rigorously watched by the employers' organisations. In defect, one will vote at the beginning of the next year for a law.

In the meantime we will follow up the commitment taken in this semicircular auditorium: the text on the incomes of job will be amended. Yes, France wants to go back to businessmen's capitalism! (Applauses on the benches of the group UMP.)