Four top executives of Societe Generale have handed back 340,000 stock options that they had been awarded this year to defuse a political firestorm over the payouts, the French bank said Sunday.
The executives _ CEO Frederic Oudea, Chairman Daniel Bouton and deputy CEOs Severin Cabannes and Didier Alix _ have abandoned the options first granted by the bank's board on March 9, the bank said.
French Finance Minister Christine Lagarde had said she had asked top SocGen executives to give up their stock options altogether.
"To cut short the current polemic, we have decided to give up the benefit of these stock option awards, and we have informed …
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