Minority shareholders are now waiting to hear in detail what Mr Richard plans for the businessbeyond improving morale. He is a talented communicator, but some foreign investorsgrumble that despite having been at the firm for over six months, he tends to turn to otherexecutives when asked for precise details on France Telecoms financial performance. ButMr Richard clearly has lots of business nous. The grandson of a shepherd, he made hisfortune from a leveraged buy-out of a property developer, Nexity, in 2000-01. He is likelyto push France Telecom into behaving like a private firm, and further away from its past as apublic monopoly.
小股东希望听到Richard有更详尽的商业规划,而不仅仅是提升士气。他处事圆熟,一些外国投资者仍然指责他:尽管执掌公司已六月有余,一旦面对公司财务状况详情的质询,就推诿给其他高管。但是毋庸置疑的是,Richard颇有商业头脑。2000年1月,这个牧羊人的孙子用杠杆收购的方法得到了一家房地产开发公司,自此起家。他想让法国电信按私有企业的方式运作,进而完全脱离国有控制。
Stphane Richard is far more attuned to the market than Didier Lombard, says Xavier Niel,founder of Iliad, a young telecoms firm which has upended the French broadband market. Under his management France Telecom will become a more dangerous competitor for us.Already, while at the finance ministry, Mr Richard demonstrated a strong belief in thebeneficial effects of competition by helping Iliad obtain a mobile licence in the face offierce resistance from the incumbents and their political allies.
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