Tuesday, September 11, 2012
Bernard Arnault, the CEO of LVMH, says he will sue the newspaper Liberation after it published the headline "Casse-toi riche con!" (Get lost, rich jerk!") which accompanied an article discussing his decision to apply for Belgian nationality. More here from the paper itself (in French). Critics of Mr. Arnault's decision suggest he made it to avoid paying the 75 percent tax on high wage-earners that French President Francois Hollande plans to try to impose. Mr. Arnault is worth around 41 billion dollars.