The CEO of France Telecom-Orange, Stephane Richard, has spoken out against a proposal by a group representing employees to cut the proposed annual shareholder dividend from EUR1.40 (USD1.83) to EUR1.00. ‘I see no logical reason, whether economic or political, why we should deprive our shareholders of this return,’ Bloomberg quotes Richard as saying. ‘Our results in 2011 have given us the financial ability to pay EUR1.40 per share,’ he added
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OVETEL FT-Orange CEO against dividend cut
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