France: The L'Oreal Funding Scandal

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France: The L'Oreal Funding Scandal - Video - 7/25/2010 1:55:04 PM

Brain

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There is scandal everywhere it seems.

France: The L'Oreal Funding Scandal - Video

The Liliane Bettencourt scandal has all the ingredients of a prime time soap opera and has put French President Nicolas Sarkozy under intense pressure. He denies claims that his presidential campaign was funded illegally by France's richest woman, but the affair has brought his popularity to an all-time low.

87-year-old Bettencourt reportedly has a net worth of €17 billion, largely in holdings of stock in cosmetics giant L’Oréal. The scandal was first brought to light by her daughter, Francoise Bettencourt-Meyers. It started out as a legal dispute over the family fortune between the two, but when prosecutors opened a separate investigation into Liliane Bettencourt's tax affairs, her political connections came under the spotlight - including her donations to Sarkozy's conservative party, the UMP. Even her butler and her accountant have given their version of events.

http://www.dw-world.de/dw/episode/0,,5745457,00.html

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RE: France: The L'Oreal Funding Scandal - Video - 7/25/2010 3:12:36 PM

MrRodgers

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Joined: 7/30/2005
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quote:

ORIGINAL: Brain

There is scandal everywhere it seems.

France: The L'Oreal Funding Scandal - Video

The Liliane Bettencourt scandal has all the ingredients of a prime time soap opera and has put French President Nicolas Sarkozy under intense pressure. He denies claims that his presidential campaign was funded illegally by France's richest woman, but the affair has brought his popularity to an all-time low.

87-year-old Bettencourt reportedly has a net worth of €17 billion, largely in holdings of stock in cosmetics giant L’Oréal. The scandal was first brought to light by her daughter, Francoise Bettencourt-Meyers. It started out as a legal dispute over the family fortune between the two, but when prosecutors opened a separate investigation into Liliane Bettencourt's tax affairs, her political connections came under the spotlight - including her donations to Sarkozy's conservative party, the UMP. Even her butler and her accountant have given their version of events.
http://www.dw-world.de/dw/episode/0,,5745457,00.html

What started the whole thing was mom giving away a billion or so to a b/f including a private luxury resort island.

Daughter being accustomed to her life of the opulent luxuries, was afraid that I think 1/2 of the remaining 16 billion or so left, just simply wasn't going to be enough and I agree.

Can't make it on just 8 billion euros these days. So we see more of the capitalist culture where the world and a few pedestrian billion or so...just isn't enough. This then began an investigation into just where mommy's money has gone and to whom.

(in reply to Brain)

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RE: France: The L'Oreal Funding Scandal - Video - 7/25/2010 5:40:03 PM

Brain

Posts: 3792
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The more people make the more they spend. I just hope it brings down Nicolas Sarkozy and his conservative government down. There seem to be too many conservative governments these days.

I need $1 billion to buy an NFL football team.

(in reply to MrRodgers)

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