Maurice Levy, Chairman of the Supervisory Board of Publicis was the guest of “8:30 am franceinfo”, Wednesday February 17, 2021. Management of the Covid by the State, dividends from companies in crisis … He answers questions from Marc Fauvelle and and Salhia Brakhlia.
Covid-19: “The government has been great” on business aid
Maurice Lévy was first questioned on franceinfo on the aid granted by the State to companies to face the economic consequences of the health crisis. “I think the government has been great in opening the funds and being able to help almost all sectors ” economic, said the Chairman of the Supervisory Board of Publicis.
He considers this aid justified for “businesses that are in dire straits, airlines, hotels and restaurants, etc. We must really put the means“. On the other hand, Maurice Lévy notes that”lots of companies are doing pretty well, doing very well. There is no point in supporting or helping them“, considers the businessman.
Maurice Lévy gives the example of Publicis, the company of which he was CEO before chairing its supervisory board.
We were entitled to an EMP [prêt garanti par l’Etat], we were entitled to unemployment. We put more than 1,000 people on partial unemployment for a while and we did not ask for state aid.
Crisis linked to Covid-19: “Do not put investors in the cold”
Maurice Lévy was also invited to react to dividend payments to companies in crisis. For him, it is not necessary “no massive distributions“dividends to shareholders,”but not to put the investors to the dry bread either“.
“The dividend problem is very complicated, says Maurice Lévy on franceinfo, because what is key is not only the remuneration of shareholders, but also the support of the course“, he explains.”When a company does not pay its shareholders well enough, it can be depreciated on the stock market and become an object of envy. So it is absolutely essential that there is a good balance, it is necessary to make investors want to invest, to support the company“, finally considers Maurice Lévy.
Find the entire “8h30 franceinfo” of Wednesday February 17, 2021: