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General

Alcatel-Lucent defends outgoing CEO's payout

Monday 31 August 2015 | 10:40 CET | News
Following a report in Le Journal du Dimanche claiming that Alcatel-Lucent CEO Michel Combes could receive EUR 13.7 million in bonuses upon departure, the company has struck back, "deploring the inexactitudes" in the controversial report, which prompted the finance minister and other public figures to question the size of the payout. Combes is set to become chairman of Numericable-SFR. JDD had written that a stock option plan for the CEO was conditional upon him remaining at the helm for three years, but he was leaving only after two. A union representative said the amount to be paid to Combes

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Categories: General
Companies: Alcatel-Lucent USA/FR / Nokia
Countries: France / World
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