DEFINITION of 'Charles Milhaud'

Charles Milhaud held various positions at Caisse Nationale des Caisses d'Épargne since 1964, including president. Milhaud led the Caisses d'Épargne to a large increase in size while still achieving good returns. He helped turned a small savings bank into one of the largest banking groups in France. However, Milhaud's tenure was cut short by a 600 million euro trading loss that forced him to resign after spending his entire career with the company.

BREAKING DOWN 'Charles Milhaud'

In addition to his career with Caisses d'Epargne, Milhaud has served on the board of directors at numerous other companies. Milhauds management style can be seen in one of his quotes: "I don't like to manage. I like to build". This is consistent with the mergers Milhaud pursued to grow the company.

RELATED TERMS
  1. Caisse Populaire

    A cooperative, member-owned financial institution that fulfills ...
  2. Strategic Investment Fund

    The Strategic Investment Fund is a government-owned sovereign ...
  3. Closely Held Shares

    The shares in a publicly traded company held by a small number ...
  4. Jamie Dimon

    The chairman, CEO and former president of JPMorgan Chase & Co. ...
  5. Jean-Baptiste Say

    A French classical, liberal economist and scholar. Jean-Baptiste ...
  6. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
Related Articles
  1. Managing Wealth

    Natixis Global Asset Management: Investment Manager Highlight (NTXFY)

    Read about the investment operations of Natixis Global Asset Management, a multiaffiliate manager with $870 billion in worldwide assets under management.
  2. Personal Finance

    8 Tips on Saving Money as a Student in Paris

    A strong dollar and French government policies designed to help students make it easier to survive on a tight budget.
  3. Retirement

    Charles Schwab vs. Employee Fiduciary: Comparing Small Business 401(k) Providers

    Learn about the key differences between Charles Schwab and Employee Fiduciary 401(k) plans in terms of company structure, fund offerings and client service.
  4. Investing

    PINXX: Overview of BlackRock's Money Market Fund

    Find out if the BlackRock Taxable Money Market fund PINXX is the right investment for your portfolio to ensure growth in the years to come.
  5. Trading

    The Most Famous Forex Traders Of All Time

    The five most famous forex traders share common virtues such as strong self-confidence.
  6. Managing Wealth

    How Much Money Does Charles Schwab Have?

    Charles Schwab saw a huge return on his investment in the small-investor market. Today, he serves as executive chairman and largest shareholder of his namesake brokerage, which oversees 9.3 million ...
  7. Investing

    Why Charles Schwab Finally Raised Its Dividend

    Until last week, brokerage Charles Schwab could have easily topped anyone's "least likely to raise its dividend" list. The company hadn't lifted its regular stock payout since the dark days ...
  8. Personal Finance

    5 Career-Changing Mistakes

    Changing careers can help you achieve life goals, but making a quick change for the wrong reasons can lead to disappointment.
  9. Financial Advisor

    How the Presidents Rate on Investment Performance

    During which U.S. presidency did stocks, bonds, and cash perform best? Let's take a look and find out why.
RELATED FAQS
  1. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
Hot Definitions
  1. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  2. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  3. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  4. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  5. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
  6. Four Percent Rule

    A rule of thumb used to determine the amount of funds to withdraw from a retirement account each year. The four percent rule ...
Trading Center