80 lines
3.7 KiB
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80 lines
3.7 KiB
Plaintext
From fork-admin@xent.com Mon Aug 26 22:59:22 2002
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<fork@xent.com>; 26 Aug 2002 21:47:47 -0000
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Subject: Re: Entrepreneurs
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From: James Rogers <jamesr@best.com>
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To: fork@spamassassin.taint.org
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In-Reply-To: <3D67A063.7080502@endeavors.com>
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<3D67A063.7080502@endeavors.com>
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Date: 26 Aug 2002 15:02:54 -0700
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On Sat, 2002-08-24 at 08:04, Gregory Alan Bolcer wrote:
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> There's been well documented articles, studies of the
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> French tax laws, corporate governance, and financial
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> oversight that 1) dont' easily allow for ISOs, the root
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> of almost all entrepreneurialship, and 2) the easy flow
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> of capital to new ventures. It was an extremely large
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> issue, even debated widely in France.
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It is actually a lot worse than this. What it boils down to is that
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only the privileged class is really allowed to start a serious company.
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What I found fascinating is that the old French aristocracy effectively
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still exists (literally the same families), but they now hold top
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executive and management positions in the major French firms and the
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government, positions which are only passed on to other blue bloods. Not
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officially of course, but as a strict matter of practice. And the laws
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and legal structures make sure that this system stays firmly in place.
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Even for a young French blue blood, strict age hierarchies keep them
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from branching out into a new venture in their own country (though many
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can leverage this to start companies in OTHER countries). I know about
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the French system first-hand and the executives are quite candid about
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it (at least to Yanks like me who are working with them), but I suspect
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this may hold true for other European countries as well.
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After all those "revolutions", France is still nothing more than a
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thinly veiled old-school aristocracy, with all the trappings.
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-James Rogers
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jamesr@best.com
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