Charles Milhaud

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. ETFs & Mutual Funds

    Top 5 Mutual Fund Holders of Waste Management (WM, AMECX)

    Discover which mutual funds own the largest positions in Waste Management, and learn about the investment style and strategy of each of those funds.
  2. Financial Advisor

    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.
  3. 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.
  4. 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.
  5. Markets

    Charles Koch: Success Story

    In 1961, Fred Koch called his son Charles, and asked him to come back to Wichita to help him manage the family business, Rock Island Oil & Refining Company.
  6. Trading

    The Most Famous Forex Traders Of All Time

    The five most famous forex traders share common virtues such as strong self-confidence.
  7. 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 ...
  8. Markets

    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 ...
  9. Managing Wealth

    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.
  10. Personal Finance

    Is this BlackRock Money Market Fund Worth It? (PINXX)

    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.
RELATED FAQS
  1. How should I prepare for my retirement?

    I want to save for retirement. I am 44 years old and the owner of a small business. I have been saving $2,000 each year ... Read Answer >>
  2. How do I calculate my retirement savings percentage?

    I am currently 36. I have been saving for retirement for about 10 years. More recently (last four years), I have been doing ... Read Answer >>
  3. What advice would you give a young person about to begin their career as a financial ...

    As the title says, I am about to begin my career as an advisor and was wondering if you had any advice for me? If you could ... Read Answer >>
  4. 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 >>
  5. What is the difference between diversification and hedging?

    Learn what diversification and a hedge are, how investors can diversify and hedge their investments, and the main difference ... Read Answer >>
  6. Does mutual fund manager tenure matter?

    Learn whether or not mutual fund manager tenure is an indicator that investors should use to determine how successful a fund ... Read Answer >>
Hot Definitions
  1. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  2. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  3. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  4. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  5. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
  6. Real Rate Of Return

    The annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other ...
Trading Center