Total boss plays for time
Determined to hold on to his job, Total's CEO Christophe de Margerie is dragging out the group's negotiations with the U.S. on Iran. [...]
France’s Total is one of the world’s top seven oil and oil products companies and is involved in every aspect of the oil chain from extraction to sales. In the early 2000s, it merged with Elf Aquitaine and was called TotalFinaElf before changing its name back to Total.
The payment of kick-backs to influential ‘agents’ has become old-hat: these days, major international contracts are won by buying confidential information from the private consultants in charge of assessing bids. The practice is little-known but is widespread in all areas [. [...]