Claude Bébéar
Strategic Concepts & Mechanics
Primary Evidence
"The scene takes place in the late 1990s, during these monthly dinners of Entreprise et Cité, the club that brings together, around Claude Bébéar, the founder of Axa, those whom Christophe Labarde calls "the Great Beasts" in a book that bears this title (Plon, 2021). As Bébéar wanted, the feasts take turns at one of the members' homes, and this time it is David de Rothschild who is hosting."
"The big operations can resume. Claude Bébéar, the founder of insurer Axa who had supported Bolloré a lot in his raid on Delmas, and had supported him "two or three times during difficult periods," was about to be served: "I like Vincent's conquering side. In rugby, I like these agile breakthroughs by the backs, and it doesn't matter if sometimes they are stopped. Vincent, too, knows how to stop.""
"Those of Claude Bébéar's club, Entreprise et Cité, the Beffa, Lachmann, Pébereau... who make France the European country with the highest number of multinational corporations in the Fortune magazine ranking of the 500 largest companies in the world."
"This is precisely the problem. Because stock options, in principle, were invented–and fiscally supported–to involve salaried executives in the capital of their company and thus make them interested in its smooth operation. By extension, they allow salaried CEOs to gradually acquire part of the capital of the company they lead. This was the case with Claude Bébéar at AXA, who received more than 1 billion francs in stock options in 1994, almost single-handedly. However, to his credit, Bébéar had created AXA himself, turning it into one of the largest companies in the world by aggregating various companies without worrying, like Arnault, about being the controlling shareholder."
"In 1991, Vincent Bolloré took over the maritime company Delmas-Vieljeux, founded in La Rochelle by the Delmas brothers, Franck and Julien, in 1967. The company specialized in transport to Africa. In order to achieve this, he did not hesitate to incur considerable debt. As the leading private French shipowner, the company has a large fleet of cargo ships registered in the Bahamas and the Kerguelen Islands. Despite strong resistance, Vincent Bolloré will succeed in attracting various shareholders to his offer, notably the influential Claude Bébéar, who holds 34% of Delmas-Vieljeux."
"Claude Bébéar, whom he sees as a "genius of influence." The latter has accumulated three visible influences: his insurance group Axa, Entreprise et Cité, and then the Montaigne Institute."