Oi board sees pay cut of 29.4%

Tuesday 1 May 2018 | 13:17 CET | News
The shareholders meeting of Brazilian operator Oi approved total compensation of BRL 74.6 million for the board of directors this year, including BRL 35.4 million in recurring amounts, such as fixed compensation, executive bonus, long-term incentives, executive retention, benefits and social charges. The amount is 29.4 percent lower than the previous year, reports O Estado de Sao Paulo. In addition, the company approved BRL 39.2 million in exceptional remuneration linked to the success of the company's debt restructuring and indemnities for contract terminations and non-competes for former

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Categories: General
Companies: Oi
Countries: Brazil
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