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>> HOLLANDE Latest News

JUN 16, 2013 - Yahoo! News

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Hollande backs FranceTel CEO to stay in post

By Michel Rose PARIS (Reuters) - France Telecom chief executive Stephane Richard has state backing to stay in his post as long as an inquiry into fraud allegations does not prevent him from working, President Francois Hollande said on Sunday. Richard was a top aide in the finance ministry under former president Nicolas Sarkozy when his government in 2008 awarded tycoon Bernard Tapie 285 million euros ($373 million) in damages in a legal dispute with defunct bank Credit Lyonnais. ...

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