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SocGen CEO to Ruhle: Putin More Rational Than Some Think; Wants 'Self-Funded' Growth in Russia

In an interview with Bloomberg's Stephanie Ruhle (@SRuhle), Societe Generale Chairman/CEO Frederic Oudea said he has had a 'good' experience doing business in Russia on a daily basis and wants to grow there by limiting risk.

Oudea also said:

  • "Self-funded development" in Russia is key
  • SocGen sees many clients going to Russia, wants to accompany them.
  • Putin has been more rational than some people think.
  • No reason for Russia to change rules of doing business in Russia.
  • Talent must be rewarded, but people must be motivated by what they do [re: Banker's pay]
  • Everyone is motivated by pay, but it can't just be pay, we must build a different culture.
  • Barclays moving toward a SocGen model.


SocGen Wants 'Self-Funded' Growth in Russia: CEO

Courtesy of Bloomberg Television

 

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