Word: marchet
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...characters across French society echoed Pruvost's defense of Bouton. Former conservative prime minister and Sarkozy archrival Dominique de Villepin lashed out at the "hysteria characteristic of how this crisis has been handled," and warned against "the search for a scapegoat" as an easy response to it. Michel Marchet, an official with the Communist-affiliated CGT labor union and thus no friend to de Villepin or to big capital in general, stressed that his organization "does not want Daniel Bouton to leave...
...shareholders who have filed suit against the bank, but have thus far shied away from calling for Bouton's ouster until the crisis is over. Indeed, it is, perhaps perversely, the gravity of SocGen's situation that makes some prefer to cling to Bouton for now. CGT union official Marchet says he opposes Bouton's ouster because "it would necessarily signal the arrival of someone from the outside to liquidate" the bank. SocGen's board and employees - along with much of the French public - would prefer to postpone that day of reckoning for as long as possible...