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General

Telecom Italia shareholders back CEO pay package

Thursday 26 May 2016 | 09:08 CET | News
Telecom Italia shareholders voted to back the pay package of new CEO Flavio Cattaneo and other top company executives at a 25 May meeting. Proxy advisers Glass Lewis and Institutional Shareholder Services (ISS), as well as Italy's Frontis Governance and minority investors association Asati had previously expressed concerns about the special award plan included in the package, calling it excessive. Cattaneo is set to be paid the same EUR 1.4 million annual wage as his predecessor, but he could also get a bonus worth between 50 to 150 per cent of his salary plus a further special bonus worth

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Categories: General
Companies: Telecom Italia / Vivendi
Countries: Italy
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