90 likes | 228 Views
Explore the rich history of the Paris Bourse, from its open outcry exchange days between 1979-1986 to the transition to fully automated trading in 1986. The formation of the CAC40 index in 1988 marked a significant milestone, followed by the emergence of Euronext in 2000. This overview discusses notable companies like Air France-KLM, Hermès, and Thales, along with the impacts of financial crises such as the dot-com bubble and the subprime mortgage crisis. Discover how tax policies affect major corporations and CEO compensation trends in France.
E N D
Stock Market Paris Bourse Anthony LA MA0N0260
Plan • History • Companies quoted • Financial crisis • French and stock market
History • 1979: Bourse de Paris • 1979-1986: Open outcry Exchange • 1986: Transactions fully automated • 1988: CAC40 • 2000: Euronext Paris • 2003: CAC20 Next • 2005: CAC Mid 100 • 2011: CAC Mid 60
Companies CAC20 Next: Air France-KLM, Eurotunnel, Hermès, Thales CAC Mid 60: JC Decaux SA, Alstom, Areva, Ipsos
Financial Crisis CAC40 Dot-com Bubble Subprime
Financial Crisis 6168 4157 2782 2519
French and Stock market • CAC40’s companies are taxed 20% less than small companies • 4 companies didn’t even pay any tax from 2007 to 2009 • “Bénéficemondialconsolidé” • CAC40 CEO’s salary (2010): • Michel Rollier, Michelin, €4.5 million • Franck Riboud, Danone, €4.4 million • Bernard Arnault, LVMH, €3.9 million