Archives de l’auteur : Pascal de Rauglaudre

2.170: c’est le nombre (record !) de milliardaires recensés en 2013 | La Tribune

L’Asie est la région qui a affiché la plus forte croissance, avec 18 nouveaux milliardaires de plus en seulement un an

latribune.fr | 06/11/2013, 18:00 – 348 mots

Le nombre de super-riches a augmenté de 0,5% en un an. Et le montant de leur fortune a lui considérablement progressé (de 5,3%). C’est en Asie que les milliardaires prospèrent le plus.

Il n’y a jamais eu autant de milliardaires, à en croire une étude publiée mercredi par la banque suisse UBS et Wealth-X, un cabinet d’études basé à Hong Kong. L’enquête note une forte progression de nombre de super-riches en Asie, et a dénombré quelque 2.170 milliardaires en dollars au niveau mondial en juin 2013. Ce qui correspond à une hausse de 0,5% sur un an.
Si les (vraiment) très riches sont plus nombreux, leur fortune a elle aussi augmenté, et plus vite encore. Celle-ci a ainsi progressé de 5,3% entre juillet 2012 et juin 2013, d’après UBS et Wealth-X.

L’Asie, berceau des millardaires
Sans surprise, l’Asie est la région qui a affiché la plus forte croissance, avec 18 nouveaux milliardaires de plus en seulement un an. Quant au montant de leur fortune, il a progressé de près de 13%. Ce qui en fait la région du monde où l’augmentation de la richesse a été la plus rapide.
Sachant que l’Asie serait le continent qui compte le plus grand nombre de milliardaires – 608 très exactement, à l’époque – devant l’Amérique du Nord et l’Europe d’après une étude publiée fin février par le magazine chinois Hrun Report.
Mais l’Amérique du Nord n’est pas en reste. Elle demeure en effet la région du monde où la fortune des milliardaires est le plus élevée. Mais à ce rythme, l’Asie pourrait bien la dépasser d’ici cinq ans.

810 nouveaux milliardaires depuis 2008
Au total, depuis la crise financière de 2008, ce sont 810 individus qui auraient rejoint les rangs des milliardaires. La somme des avoirs des milliardaires a depuis plus que doublé pour totaliser 6.500 milliards de dollars (4.800 milliards d’euros), soit « assez pour financer le déficit budgétaire des Etats-Unis jusqu’en 2024« , ont fait valoir les auteurs de l’étude.
Du reste, selon ce rapport, 60% de ces super-riches ont bâti leur fortune eux-mêmes – une  récente étude Forbes évoquait même une part de 75% de self-made men -, tandis que 40% en ont hérité ou le sont devenus en faisant fructifier les avoirs qui leur ont été transmis.

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Jean-Christophe Chanut | 16/09/2013, 03:50 – 761 mots

Le niveau de vie médian a quasiment stagné en 2011, atteignant 1.630 euros mensuels selon l’Insee. Les 10% des personnes les plus modestes ont un niveau de vie inférieur à 10.530 euros annuels, alors que pour les 10% les plus aisés, il dépasse 37.450 euros. Le taux de pauvreté a augmenté, avec 8,7 millions de personnes (soit 14,3% de la population) qui vivent avec moins de 977 euros par mois.

Ca stagne. Selon la dernière enquête « Revenus fiscaux et sociaux » de l’Insee, en 2011, le niveau de vie médian s’élevait à 19.950 euros annuels (1.630 euros par mois), soit un niveau équivalent en euros constants à celui de 2010. Sous l’effet de la crise, il avait baissé en 2010 (-0,5%), après une progression faible en 2009 (+ 0,4%). Auparavant, entre 2004 et 2008, il avait augmenté de 1,8% par an en moyenne.
Et si l’on découpe la population en 10 déciles égaux , les 10% des personnes les plus modestes ont un niveau de vie inférieur à 10.530 euros annuels, alors qu’à l’autre bout de l’échelle, les 10% les plus aisés disposent d’au moins 37.450 euros.
Pour bien comprendre de quoi il s’agit, il convient de préciser que, selon l’Insee, le niveau de vie s’entend comme le revenu disponible du ménage – revenus d’activité, retraites, indemnités de chômage, assurance-vie, PEA, livret d’épargne populaire, épargne logement, prestations sociales, etc., le tout net des principaux impôts directs – divisé par le nombre d’unités de consommation (UC). Ces UC correspondent aux personnes qui composent le ménage. Elle sont calculées selon une échelle qui attribue 1 UC au premier adulte du ménage, 0,5 UC aux autres personnes de 14 ans ou plus et 0,3 UC aux enfants de moins de 14 ans.
Le niveau de vie médian partage donc la population en deux : celle qui dispose d’un niveau de vie inférieur et l’autre moitié qui a un niveau de vie supérieur.
Le niveau de vie a baissé pour la partie de la population la plus modeste
A la différence de 2010 où pratiquement toutes les catégories de population avaient subi une baisse de leur niveau de vie (seule les 5% les plus aisé avaient progressé), en 2011, la situation s’est plutôt améliorée dans la moitié haute de la population alors qu’elle a continué de se dégrader dans la moitié basse. Ainsi, pour le 9e décile (catégorie au-dessous duquel se situent 90% des salariés), le niveau de vie a progressé de 2,1% en euros constants, plus fortement que les trois déciles qui le précèdent (de +,01 à + 0,8%). En revanche, pour les quatre premiers déciles (ceux en dessous du médian, donc), le niveau de vie a baissé en 2011 entre -0,2% et -0,8% selon le décile mais à un rythme cependant moins soutenu que les deux années précédentes.
Les inégalités se creusent
La conséquence directe de ce phénomène, est la progression des inégalités. Entre les 10% les plus pauvres et les 10% les plus riches, l’écart de niveau de vie atteint maintenant 3,6, contre 3,5 un an plus tôt.
Selon l’Insee, cet accroissement de l’écart s’expliquerait notamment par une augmentation des disparités salariales. En 2011, les bas salaires pâtissent de la faible revalorisation du Smic horaire. De plus, la part dans le premier décile des salariés à temps partiel ou possédant un emploi à durée limitée augmente. Autre explication, pour les 10% des personnes les plus aisées, les revenus du patrimoine représentent 27% du revenu disponible en 2011. Or, le dynamisme de ces revenus cette année là a donc contribué positivement à la progression du niveau de vie de ces personnes.
8,7 millions de personnes sous le seuil de pauvreté
Autre point sensible, en 2011, 8,7 millions de personnes vivent sous le seuil de pauvreté (qui correspond à 60% du niveau de vie médian de la population), soit 977 euros par mois. Et la moitié d’entre elles vivent même avec moins de 790 euros mensuels. Le taux de pauvreté monétaire s’élève ainsi à… 14,3% de la population, soit une hausse de 0,3% par rapport à 2010. Il atteint ainsi son plus haut niveau depuis 1997. Et encore, cette hausse est plus modérée que celles enregistrées les deux années précédentes (respectivement + 0,5% en 2009 et + 0,6% en 2010).
A noter qu’au sein de la population « pauvre », l’Insee constate quelques évolutions : le taux de pauvreté des retraités diminue sur un an, passant de 10% à 9,3%, notamment en raison de l’arrivée de retraités bénéficiant de carrières salariales plus favorables ; à l’opposé le taux de pauvreté des actifs progresse, passant de 10,2% à 10,9%, notamment, on l’a vu, en raison des faibles progressions salariales. Et, s’agissant des chômeurs, l’augmentation des durées de chômage s’accompagne automatiquement d’une hausse du nombre des demandeurs d’emploi ne percevant plus d’indemnisation. Résultat, le taux de pauvreté des chômeurs est passé en un an de 35,8% à 38,9%.
Enfin, point assez dramatique, le taux de pauvreté des jeunes ayant un emploi a augmenté, lui, de 1,4 point en 2011, à 11,5% contre + 0,5 point (8%) pour l’ensemble de la population ayant un emploi.

1,9 million d’euros : c’est la rémunération moyenne des grands dirigeants français | La Tribune

Christine Lejoux | 11/10/2013, 03:50 – 753 mots

L’Autorité des marchés financiers (AMF) a publié son rapport 2013 sur le gouvernement d’entreprise et la rémunération des dirigeants des sociétés cotées. Le gendarme de la Bourse salue la féminisation et l’internationalisation des conseils d’administration, mais souhaite des précisions sur la notion d’administrateur indépendant.

Stigmatiser les mauvais élèves peut avoir des vertus. Et pas seulement à l’école. En 2012, dans son rapport annuel sur le gouvernement d’entreprise et la rémunération des dirigeants des sociétés cotées, l’Autorité des marchés financiers (AMF) avait, pour la première fois, donné les noms des entreprises les moins vertueuses en la matière.
Un an plus tard, le gendarme de la Bourse constate dans son rapport 2013, publié le 10 octobre, une « amélioration générale des pratiques de gouvernance et de rémunération », sur la base des documents de référence 2012 des sociétés et de l’ancien code Afep-Medef, en vigueur jusqu’à juin 2013. « Cet aperçu nominatif de la gouvernance des sociétés cotées a sans doute contribué à la propagation des bonnes pratiques », sourit Benoît de Juvigny, secrétaire général de l’AMF.
Dans plus de 60% des entreprises, président et DG sont une seule et même personne
Ainsi, le gendarme des marchés financiers salue « une nette augmentation » des sociétés ayant nommé un administrateur référent. Sur les 60 plus grands groupes cotés à la Bourse de Paris, 18,4% disposent aujourd’hui de cette sorte de « super administrateur en chef », à même, par exemple, de réunir le conseil d’administration en vue de remplacer le PDG, s’il juge que ce dernier n’est pas à la hauteur de sa tâche. En 2010, 9% seulement des entreprises comptaient un administrateur référent.
« Le modèle moniste, qui consiste à unifier les fonctions de président et de directeur général, est de nouveau en croissance, en France, puisqu’il concerne plus de 60% des sociétés, contre 50% environ en 2011. Or, pour faire contrepoids au PDG, les entreprises ont recours à un administrateur référent », explique Benoît de Juvigny.
La part des administrateurs indépendants dans les conseils est de 55%
De la même façon, l’AMF se réjouit de la féminisation et de l’internationalisation des conseils d’administration, où l’on trouve aujourd’hui en moyenne un quart de femmes et un quart d’étrangers, contre des proportions respectives de 10% et de 20% il y a trois ans. Toujours au chapitre des conseils d’administration, le gendarme de la Bourse salue le maintien « à un niveau élevé » (55%) de la part des administrateurs indépendants. Le groupe de BTP Colas fait ainsi figure d’exception, en ne qualifiant aucun des membres de son conseil d’indépendant.
Mais qu’entendent exactement les sociétés par « indépendant » ? Pas entièrement convaincue que leur acception du mot soit la même que la sienne, l’AMF « invite les sociétés à se montrer plus transparentes » en la matière. « Des banquiers d’affaires qualifiés d’indépendants se trouvent dans certains conseils d’administration », s’étonne Benoît de Juvigny.
La rémunération due aux dirigeants, au titre de 2012, s’élève à 1,9 million, en moyenne
Autre domaine où les sociétés cotées ont encore des progrès à faire : le non-cumul des mandats. Moins de la moitié (48%) des dirigeants mandataires sociaux se contentent de leur fonction exécutive. Ils sont encore 18% à exercer au moins trois mandats, et 10% à en avoir au moins quatre. Avec une mention spéciale à Vincent Bolloré, PDG du groupe éponyme, qui cumule neuf mandats. Or le nouveau code Afep-Medef, publié en juin dernier, n’autorise plus que deux mandats extérieurs à l’entreprise, contre quatre auparavant.
Quid du sujet souvent très polémique des rémunérations des dirigeants des sociétés cotées ? Au titre de l’exercice 2012, les rémunérations globales (comprenant le salaire fixe, la part variable, les bonus exceptionnels, les jetons de présence et les avantages en nature) dues aux 68 PDG, directeurs généraux, présidents de directoire et gérants des 60 sociétés étudiées par l’AMF s’élèvent à quelque 131 millions d’euros, au total. Soit une moyenne de 1,9 million d’euros environ par dirigent, un montant qui recouvre d’importantes disparités, les rémunérations s’échelonnant entre 200.000 euros et…4,8 millions d’euros.
8 sociétés ne disent pas si la rémunération variable de leurs dirigeants est plafonnée
« Dans une large mesure, les rémunérations variables respectent le code Afep-Medef, qui recommande un équilibre entre la part fixe et la part variable, laquelle doit être indexée sur des critères qualitatifs et quantitatifs objectifs », estime Martine Charbonnier, secrétaire générale adjointe de l’AMF. Seul bémol, huit sociétés – Colas, Euler-Hermes, Eutelsat, Financière de l’Odet (qui détient 79,8% de Bolloré), HavasLagardère, Métropole TV (M6) et Plastic Omnium – se sont bien gardées de préciser si les rémunérations variables de leur état-major étaient plafonnées, contrairement à ce que recommande le code Afep-Medef.
Enfin, toujours au chapitre des émoluments, trois sociétés – AccorEurazeo et Remy Cointreau – ne soumettent pas la totalité des options ou des actions gratuites attribuées à leurs dirigeants à des conditions de performance. Or ces options et actions gratuites ont représenté pas moins de 30% de la rémunération globale des dirigeants, en moyenne, l’an dernier.

Plus de 300 milliardaires en Chine | Le Monde

Le Monde |  • Mis à jour le  

Wang Jianlin, le patron du conglomérat chinois.

Au printemps, la Chine apprenait que Kong Dongmei, la petite-fille de Mao Tsé-toung, figurait sur une liste de millionnaires établie par New Fortune, un magazine financier chinois. Kong Dongmei, quadragénaire, et son mari, Chen Dongsheng, figurent au 242e rang d’une liste de riches personnalités : leurs avoirs sont estimés à 5 milliards de yuans (620 millions d’euros). Mme Kong est la petite-fille de Mao et de sa troisième épouse, He Zizhen. En 2001, elle avait ouvert une librairie à Pékin vantant la « culture rouge », celle de la cause révolutionnaire prolétarienne à l’origine de la fondation de la Chine communiste en 1949. Les internautes ont ironisé sur cette fortune, estimant qu’elle était bien loin de correspondre aux valeurs de désintéressement de la période maoïste. Ils ont aussi critiqué Mme Kong pour avoir apparemment violé la règle de l’enfant unique. Selon New Fortune, le couple aurait trois enfants.

L’institut de recherche Hurun affirme qu’aujourd’hui, en Chine, le nombre de milliardaires en dollars a passé cette année pour la première fois les trois cents. La deuxième économie mondiale compte précisément trois cent quinze milliardaires, soit soixante-quatre de plus qu’en 2012. Wang Jianlin, le patron du conglomérat géant Wanda, qui a notamment racheté la chaîne américaine de salles de cinéma AMC, est désormais l’homme le plus riche du pays, avec une fortune estimée à 22 milliards de dollars, selon Hurun, dont le classement confirme sur ce point celui de Forbes. La fortune moyenne des mille Chinois les plus riches s’établit à 1,04 milliard de dollars.

Lei Jun, propriétaire des téléphones portables Xiaomi, a grimpé le plus vite dans le classement avec une fortune multipliée par sept d’une année sur l’autre, à 2,6 milliards de dollars. L’immobilier est la principale source d’enrichissement des milliardaires chinois, et ce, malgré les efforts du gouvernement pour limiter les achats de propriété et la flambée des prix.

UN CADEAU EMPOISONNÉ

Mais plusieurs de ces milliardaires ont été rattrapés par des scandales : trois des dix personnalités les plus riches de 2012 à Chengdu, capitale du Sichuan, sont depuis sous les verrous en attendant leur procès dans le cadre de la campagne anticorruption en cours, précise Hurun. Un autre milliardaire emprisonné, Xu Ming, au 676e rang l’an dernier avec 490 millions de dollars, a été l’un des témoins clés du retentissant procès de Bo Xilai en août, déclarant avoir donné pour 3,4 millions de dollars de pots-de-vin et acheté une villa à Cannes à l’ancien membre du bureau politique du Parti communiste chinois.

Et le divorce à 3 milliards de dollars de Mme Wu Yajun, la richissime promotrice immobilière, l’a fait chuter du 8e au 22e rang, tandis que son ex-mari, grâce à cette manne, faisait son entrée dans le Top 50.

Figurer sur la liste de Hurun peut s’apparenter aussi à un cadeau empoisonné, relève Oliver Rui, professeur de finances et de comptabilité à la China Europe International Business School de Pékin. La valeur des entreprises aux mains de ceux figurant sur la liste a chuté de façon significative ces trois dernières années, et « en raison de la pression de l’opinion, le gouvernement tend à examiner au plus près » leurs comptes, assure-t-il dans une étude publiée mercredi.

En août, Hurun montrait que l’apparition de nouveaux millionnaires en Chine avait nettement ralenti en 2012, à l’unisson d’une nette décélération de la croissance économique et de la chute des Bourses locales. La Chine comptait en effet, à la fin de 2012, 1,05 million de millionnaires (possédant une fortune d’au moins 10 millions de yuans, soit 1,63 million de dollars), une progression de seulement 3 % par rapport à l’année précédente, la plus faible évolution depuis cinq ans. Cette relative stagnation s’explique avant tout par la morosité de la conjoncture économique, avec une croissance de 7,8 %, la Chine a connu en 2012 sa pire performance depuis treize ans.