The Ceo Guillotine Is Busy Again

After becoming France's Prime Minister last April, conservative Edouard Balladur vowed to avoid the usual witch hunt at state-owned companies--where chief executives linked to the outgoing Socialists would normally start emptying their desks. He kept his promise--for a while. But now, Balladur is ringing in France's corporate witching hour. Two key CEOs have already been dumped, most recently Bernard Pache at computer maker Groupe Bull on Oct. 18. And several others, including Bernard Attali at strike-plagued Air France, may leave soon.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.