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General

Telecom Italia shareholders urged to reject CEO pay - report

Friday 20 May 2016 | 09:11 CET | News
Proxy advisers Glass Lewis and Institutional Shareholder Services (ISS), as well as Italy's Frontis Governance, have called on Telecom Italia shareholders to reject the pay package of new CEO Flavio Cattaneo, calling it excessive. Although Cattaneo is set to be paid the same EUR 1.4 million wage as his predecessor, he could also get a bonus worth between 50 to 150 per cent of his salary plus a further special bonus worth around EUR 40 million in cash and shares in 2020 if the company beats certain targets set out in its 2016-18 business plan. "Performance should be measured over the

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Categories: General
Companies: Telecom Italia
Countries: Italy
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