99

To be employee and shareholder appears as a solution to limit the power of employers and to integrate workers into the company. The analysis of the sale of the press group Le Monde, whose largest shareholder was historically its employees, by external shareholders in November 2010 questions the limits of owner participation. Faced with recurring crises that the group went through, the positions of shareholder and employee were difficult to reconcile. Quitting shareholder power when selling group allows a rediscovery of the capabilities of employees. This case shows that, paradoxically, the government shareholding workers do not necessarily reveal the best way to ensure the independance of employees.