France Telecom says Richard to stay as CEO
PARIS, June 17
PARIS, June 17 (Reuters) - France Telecom's executive board agreed on Monday to keep Stephane Richard as the company's chief executive despite his being put under investigation for fraud allegedly committed during his time as a top government aide.
The board of France Telecom, which has rebranded itself as Orange, said in a statement that it had decided to "renew its full confidence in Stephane Richard." Richard denies all wrongdoing.
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.