date:Apr 23, 2014
Shareholders at the world's second-largest retailer, Carrefour, have made the decision to raise its CEO age barrier from 65 to 70 years-of-age.
This is good news for the French company's current CEO, Georges Plassat, as he might have been forced to step down from his position in spring 2015 when he will turn 65, only for this policy change.
The decision was made last week at an executive board meeting, where it was also decided that Plassat's fixed wages will be set at 1.12 million, growing t