No cause for alarm
This post is intended to reassure several readers who questioned whether Florence Woerth, the spouse of French labor minister Eric Woerth, had sacrificed her career in order to insulate her husband’s political career from potential scandal or harm.
Indeed, reported quid pro quo exchanges, where Woerth received a job and her boss received the Legion of Honor from her husband, led to Woerth’s resignation from Clymène. This company, where Woerth worked as a financial analyst, manages money for L’Oréal heiress Liliane Bettencourt and suffers heavy losses, year after year.
But Woerth’s departure from Clymène has not resulted in inactivity.
- On June 7, Woerth was elected to the board of Hermès, a French luxury brand that nurtures an equestrian heritage.
- Woerth is the founder and member of Dam’s, a stable whose shareholders are all women. Initially a quintent –Woerth was joined by Nathalie Bélinguier, Réjane Lacoste, Dominique Hazan, and Nicole Séroul (women involved in horse racing and textiles)– Dam’s has prospered and today counts about thirty members. Incidentally, under a law known by its French acronym, TEPA, investment in Dam’s yields significant tax benefits for its members. (The stable seems to have recently become publicity-shy, it’s web site having gone blank.)
- Woerth is widely reported to have longstanding ties with France Galop, another equestrian organization. She seems, at the least, to have served in the past on its horse owners’ committee.
Woerth’s equestrian interests are close to home, as her husband is mayor of Chantilly, a major equestrian center in France. This having been said, matters equestrian have dealt Eric Woerth the misfortune of an additional controversy: the press is asking why, just be changing ministerial portfolios, Woerth authorized the sale of a racetrack complex, estimated as worth €20 million, for €2.5 million in favor of its politically friendly tenant.