• France's news in English

Calls for Bettencourt to go due to 'brain disease'

AFP · 16 Jun 2011, 10:15

Published: 16 Jun 2011 10:15 GMT+02:00

Facebook Twitter Google+ reddit

A group of small shareholders in L'Oreal called on Wednesday for heiress Liliane Bettencourt to resign from the cosmetic giant's board of directors amid reports that the 89-year-old has a brain disease.

A group of small shareholders in L'Oreal called on Wednesday for heiress Liliane Bettencourt to resign from the cosmetic giant's board of directors amid reports that the 89-year-old has a brain disease.

The APPAC association said the resignation was necessary as shareholders had not been informed of her mental state when they renewed her mandate for four years at the company's annual general meeting on April 22.

The call comes amid a bitter feud between Bettencourt and her daughter, Francoise Bettencourt-Meyers, and after doctors reportedly said the heiress was unable to run her affairs and should be placed under legal guardianship.

"APPAC is surprised by the legal action expedited by (Bettencourt-Meyers) with a view to having her placed under enhanced legal guardianship for medical reasons that were known well before the meeting without shareholders being informed," said a statement.

The association pointed out that the Bettencourts are L'Oreal's main shareholders ahead of Swiss conglomerate Nestle and that the renewal of her mandate was approved by 97 percent of those who voted.

APPAC called "on Mrs Liliane Bettencourt to resign her mandate on L'Oreal's board of directors and for the company to name an independent board member to represents either employees or individual shareholders.

"This is necessary to avoid any judicial procedure to have the vote renewing Mrs Bettecourt's mandate annulled," the statement said.

A source told AFP on Tuesday that court-appointed doctors said Bettencourt has a brain disease, is unable to run her affairs and must be placed under enhanced legal guardianship.

Bettencourt-Meyers has also taken legal action alleging that her mother is prey to hangers-on who want to defraud her.

Bettencourt, France's richest woman, "must be given a measure of protection in carrying out her civil life, regarding her patrimony and personal affairs, in the form an enhanced legal guardianship," the medical report said.

Story continues below…

The type of "enhanced legal guardianship" recommended by the doctors would allow the appointed guardian to oversee Bettencourt's spending but falls short of granting the guardian the status of a full legal trustee.

Bettencourt's fortune is estimated at around 15 billion euros ($21.7 billion).


Facebook Twitter Google+ reddit

Today's headlines
France’s 'Jungle' children arrive in UK
Authorities will start to clear the ‘Jungle’ migrant camp on Monday. Photo: Denis Charlet / AFP file picture

The first group of children from the French "Jungle" migrant camp with no connection to Britain have arrived in the country, the Home Office said Sunday, ahead of the camp's planned demolition.

French FM calls for end to Aleppo 'massacre'
French Foreign Minister Jean-Marc Ayrault says the international community cannot ‘come to a negotiation under the bombs’. Photo: Dominick Reuter / AFP file picture

France's foreign minister urged the international community to "do everything" to end the "massacre" in the Syrian city of Aleppo on Sunday after fighting resumed following a 72-hour truce declared by Damascus ally Russia.

French cheer police, reviving Charlie spirit
French police officers on Saturday demonstrated for the fifth night in a row to protest mounting attacks on officers. Photo: Thomas Samson / AFP

Angry French police have taken to the streets for five nights in a row -- and Parisians have started to cheer them on, reviving scenes last seen following the Charlie Hebdo attacks in 2015.

Scarlett Johansson turns popcorn girl in Paris
US actress Scarlett Johansson greets customers at the Yummy Pop gourmet popcorn shop in the Marais district of Paris. Photo: Benjamin Cremel / AFP

Hollywood superstar Scarlett Johansson swapped the red carpet for a turn behind the counter at her new popcorn shop in Paris on Saturday.

US couple donates huge art collection to Paris
Marlene (centre) and Spencer (right) are donating their collection ‘for the benefit of art lovers’. Photo: Thomas Samson / AFP

A Texan couple who discovered their love for art during a trip to Paris in the 1970s are to donate the multi-million dollar collection they have amassed since to the French capital.

France to clear 'Jungle' migrant camp Monday
Migrants will be bussed from the camp to some 300 temporary accommodation centres around France. Photo: Denis Charlet/ AFP

The "Jungle" migrant camp on France's northern coast will be cleared of its residents on Monday before being demolished, authorities said Friday.

How life for expats in France has changed over the years
A market in Eymet, southwestern France. Photo: AFP

Foreigners in France explain how life has changed over the years.

London calling for Calais youths, but only a chosen few
Photo: AFP

Dozens of Calais minors are still hanging their hopes on help from the UK, but not all will be so lucky.

17 different ways to talk about sex in French
Photo: Helga Weber/Flickr

Fancy a quick run with the one-legged man?

Yikes! This is what a rat-infested French jail looks like
Photo: YouTube/France Bleu TV.

This video is not for sufferers of ratophobia (or musophobia as the condition is officially called).

Sponsored Article
How to vote absentee from abroad in the US elections
Why Toulouse is THE place to be in France right now
Sponsored Article
Last chance to vote absentee in the US elections
Video: New homage to Paris shows the 'real side' of city
The 'most dangerous' animals you can find in France
Sponsored Article
How to vote absentee from abroad in the US elections
Swap London fogs for Paris frogs: France woos the Brits
Anger after presenter kisses woman's breasts on live TV
Is France finally set for a cold winter this year?
IN PICS: The story of the 'ghost Metro stations' of Paris
How to make France's 'most-loved' dish: Magret de Canard
Welcome to the flipside: 'I'm not living the dream in France'
Do the French really still eat frogs' legs?
French 'delicacies' foreigners really find hard to stomach
French are the 'world's most pessimistic' about the future
Why the French should not be gloomy about the future
This is the most useful French lesson you will ever have. How to get angry
Why is there a giant clitoris in a field in southern France?
French pastry wars: Pain au chocolat versus chocolatine
Countdown: The ten dishes the French love the most
Expats or immigrants in France: Is there a difference?
How the French reinvented dozens of English words
The ups and downs of being both French and English
How Brexit vote has changed life for expats in France
Twelve French insults we'd love to have in English
What's on in France: Ten of the best events in October
jobs available