You’re 85 years old? Bernard Arnault, CEO and French Chairman of the Luxemberate Lvmherate (LVMHF), sure you have hopes about it. Billionaire at age 76 also asks shareholders to rescue the upcoming retirement. The proposal to amend Lvmh’s City laws and raise the annual chairperson of the Chairperson from 80 to 85 will be heard during the annual Convention of Concali on April 17, according to company documents. This is not the first time, led to Lvmh for about 35 years, tried to increase his time – back in 2022, he successfully lifted the CEO retirement instead of 75 to 80.
LVMH owns the products such as Louis Vuitton, Dior (Chdry) and Tiffany & Cover last year, the group was released from 85 billion euros ($ 92.8 billion) in income. Arnalult, now a fifth person who is currently responsible for a limited number of $ 170.9 billion, continue the ordination of his five children to make decisions when he will eventually take decisions if it is finally increasing.
Arnault’s four sons and one daughter currently holding the roles through his Father’s Father’s Kingdom. His oldest child, Antoine, works as head of communications and picture in Lvmh, while Delphine is the CEO and Chairman of the Christian Dior Cousit. Frédéric, currently, recently, COHEO of Cashmere Brand Loro Piana. Alexandre and Jean work as head of Moët Hennessy and Lozko Director in Louis Vuitton, respectively.
Warren Buffett and Bill Gates also support retirement late
LVMH leader has received support from his culture that occurred in traditional retirement from popularity by Warren Buffett, which is 95 this year. After lifting his early years of retirement over the past 80 years, French Billionaineire received a letter from Buffette that the new limit was very low.
Buffett, running Berkshire Hathaway (BRKSH.A) 60, long ago praised the size of his older managers. During the annual meeting of Berperhire Hathaway, he oppressed that “anyone who wants to retire 65 is not eligible for becoming a Berkshire official.” Investor thoughts in retirement are popular in other Billionains Gates, currently 69 and last year he would like to follow Buffett’s lead and continue to work for three decades.
Such methods compare regular age of early 65 years in the US – Lally Fink, Chairman of the Blackrock, you think it should be expanded. In the book of 2024 pointing to US Social Security Investigations between retirement citizens, the Fink noted that the US was mad for years of retirement from the Ottoman Empire.
Similar financial constraints continue in France, which have just seen France President Emmanuel Macror raising 62 to 64 years to allow pension systems to continue their supplier. French citizens, yet, does not seem to share arnault strokes around retirement. Soon they took the purpose to Billionaires such as LVMH head, which opposed us should aim for other financial pensions. Protests that come to more than 100 French budgets at Lvmm’s Paris headquarters on April 2023.
