The political alternation also played its partitionPrepared end of March the text does not directly the SCEHappy ending with three tapas creative sweetIncluding transmitters noted and well knownAnd he served the last year a net return of 4But there will be no immediate opening creditsSuddenly we turned to the consumer marketMoreover the schedule for the payment of the 1All things not always within the reach of SMEsThe rest is invested in shares andor bondsThey were there, sitting in the front ranks, but they have not said anything. Alexander Vik, President of the fonds d'Investissement Sebastian Holdings, and his two associates, Amir Jahanchahi and Benoît Jamar, holders directly to 1.19 of the capital of Vivendi they control in fact 4 via a portage by banks, attended the general meeting of the Group held in Paris, without manifest itself, that suggested their entourage since several days yesterday. The sudden outbreak of speculation which had surrounded the announcement of their arrival in the capital last March was therefore only a wet firecracker. And the Assembly was held in the classical manner.
The shareholders had yet responded to the call: approximately 2,500 were physically present, and 40.7 of the capital were present or represented. A mobilisation higher than that of last year, where more than 30 of the capital were present.
Strategy defence
In a lengthy statement, Jean-Bernard Lévy, the Chairman of the Executive Board of the group, has a new times insisted on the recovery of Vivendi and defended its strategy, based on the convergence between business media (Canal , Universal Music, Vivendi Universal Games) and business telecommunications (SFR, Morocco Telecom...). He found that Vivendi was ahead its competitors, precisely because of its presence in these two professions. In addition, he said that if Vodafone seller, Vivendi would be 44 of the British involvement in SFR buyer. He emphasized the fact that the Group has found a real financial flexibility, it was ready to reinvest massively. Music and games are the priority areas, the privileged continent Asia.
Some shareholders however retain more than mixed memories of convergence Media-Telecoms, brand of Jean-Marie Messier when he was Chairman of the group. "This strategy you propose we this leads us to a conglomerate which seems poorly controlled, found that said Jean-Marie Messier with the marriage between the content and the container. "I did not feel that it has created many new in this strategy," said one of them. "Our group is drawn by the needs of consumers," said Jean-Bernard Lévy, recalling that today ' today, and unlike the case in 2000, the convergence was a reality.
The course in the spotlight
But a meeting of Vivendi is missed if questions are not asked on the evolution of stock market. Of course, some shareholders to are alarmed too slow upwelling of this course 28.5 euros yesterday in closing while many of them came when he was 60, and 80 euros. "The levels you have known are unrealistic given the loss recorded the group, recalled Jean-René Fourtou, who took the estate of the Jean-Marie Messier and who now chairs the Supervisory Board of Vivendi.". I fail to see how it can find the 60 euros. "Small batch of consolation, Vivendi is committed to increasing its dividend next year, after 1 euro per share paid this year, the Group on 11 to 13 of its adjusted net income. The latter should therefore between 2.3 and 2.35 billion euros and Vivendi feels very confident on the achievement of these objectives.
The statement of the details of remuneration of Jean-Bernard Lévy 800,000 euros in salary fixed plus a bonus of 1.47 million for the year 2005 caused the disapproving murmurs. The President of the Executive Board is however not the better paid since Doug Morris, Universal Music Group Chairman, received last year a total of 14.3 million euros, or more than the addition of the salaries of all the members of the Executive Board! Final touches, the new logo the "Universal" disappeared and the color of Vivendi is now purple was like shareholders. 99.7 of the shareholders have approved the name change, evidence that management may be unanimity on certain subjects.
