Hat retirement of Didier Lombard (ex-CEO Orange): a union files a complaint

by bold-lichterman

The CFE-CGC union announces the filing of a complaint with the Public Prosecutor about the pension paid to Didier Lombard, the former CEO of Orange. “Indeed, numerous verifications and exchanges of questions / answers with Orange management have led the CFE-CGC to conclude that the hat-trick pension is illegitimate, even illegal, received by the former CEO of France Telecom-Orange. since 2011, for an annual amount of 346,715 euros, in addition to many other emoluments ”explains CFE-CGC in a press release.

“If we stick to an actuary calculation, the hat retirement of D. Lombard could ultimately reach 8 million euros, or 10 times what a minimum wage employee earns throughout his life” continues the union, which evokes the TEPA law.

“Law n ° 2007-1223 of August 21, 2007 in favor of work, employment and purchasing power, known as the“ TEPA law ”, has in fact modified the conditions for granting additional pensions, which must now be subject to conditions for attaining specified objectives to justify the payment of a top-up pension. Supplementary retirement contracts must also be the subject of a regulated agreement, on the basis of a deliberation by the Board of Directors of the company, which must then be ratified by a resolution vote at the General Meeting of Shareholders. .

However, if there was indeed a regulated agreement defined by the Board of Directors of the company in July 2006 and voted by the General Meeting of shareholders in May 2007, this agreement should have been amended with regard to the TEPA law, which has never been done “continues the union organization” according to the CFE-CGC.

Didier Lombard was appointed CEO of Orange in 2005, succeeding Thierry Breton, who will then become Minister of the Economy in the government of Dominique de Villepin. Stéphane Richard replaced him at the head of France Telecom in 2010.