Henri Proglio, former CEO of Veolia and EDF, made headlines when he was spotted dining with Marine Le Pen in a Parisian restaurant frequented by the French economic elite. This encounter sparked controversy and discussions, as many business leaders shy away from associating with the far-right party due to its controversial reputation. Despite efforts to “de-demonize” the party, the majority of CEOs still hesitate to align themselves with its leaders, opting to keep their distance. This reluctance stems from concerns about the party’s impact on the economy and business environment.
The issue of how business leaders should address the threat posed by the far-right party surfaces during each election cycle. While some choose to remain silent, others, such as the Medef and the CPME, have spoken out against the potential consequences of a victory by Marine Le Pen in previous presidential elections. The warning focuses on the implications for France’s image, European construction, and foreign investment. As the European election approaches, business leaders are faced with another test of how to navigate their association with political parties and their impact on the business landscape.
With the upcoming European election on June 9th, a recent Ipsos poll has provided some reassurance to business leaders. The poll suggests that La France Insoumise is no longer a significant threat, with the RN projected to secure 32% of the vote, double that of the ruling party. This election holds significance in shaping perceptions of Europe and serves as a crucial test ahead of the 2027 presidential election. The outcome will shed light on public sentiment towards the European project and influence future political strategies.
While some business leaders remain cautious in their public statements, others recognize that their employees may support the far-right party. Concerns about condemnation from high-earning executives potentially fueling populist sentiments against elites also factor into their reluctance to openly criticize the party. Additionally, some small business owners find the RN’s protectionist stance appealing, despite its conflict with European treaties due to its emphasis on national preference in public procurement. Business leaders remain wary of the political landscape and navigate their engagement with parties carefully.
As the election draws near, the dilemma facing business leaders becomes more pronounced. While some choose to distance themselves from controversial parties, others may find elements of their platform appealing. The complex interplay between politics and business poses challenges for CEOs seeking to navigate a polarized political landscape while maintaining their integrity and avoiding potential backlash. The upcoming election will have broader implications for the business community, shaping perceptions of the role of business leaders in political discourse and decision-making.
