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General

Belgacom CEO salary capped at EUR 650,000

Thursday 19 December 2013 | 10:23 CET | News
The Belgian government has agreed to cap the future Belgacom CEO's annual salary at EUR 650,000. Belgacom's own remuneration committee had decided earlier a maximum of EUR 1.3 million. However, the government, which has been looking to limit salaries at all state companies, found the board's decision too high. The CEO will get a maximum fixed salary of EUR 500,000, and this can be increased by up to 30 percent with a variable element based on performance, Express.be reports. The CEO will not be entitled to stock options, and any severance will be limited to one year's salary. Belgacom is

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Categories: General
Companies: Belgacom
Countries: Belgium
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