Unicredit, the top management cut their salaries by 40%

January 11, 2017, 5:43 | di FIRSTonline editorial team | 0

The president of Unicredit, Giuseppe Vita, and the vice presidents Luca Cordero di Montezemolo, Vincenzo Calandra Bonaura and Fabrizio Palenzona have decided to follow the example of CEO Jean Pierre Mustier who, on the eve of the shareholders' meeting which must approve the capital increase from 13 billion, he self-reduced the fixed part of his salary by 40% with effect from 2017 January XNUMX

You cannot ask for sacrifices from employees and shareholders without setting an example. This is what the top management of Unicredit on the eve of the corporate meeting that tomorrow will launch the ambitious increase from 13 billion euros.

The first to take the initiative was the CEO Jean Pierre Mustier which on Monday, in an interview in Corriere Economia, he announced that he had self-reduced remuneration by 40% need waive any severance pay in case he leaves.

Yesterday the president followed him Joseph Life and vice presidents Luca Cordero di Montezemolo, Vincenzo Calandra Bonaura e Fabrizio Palenzona: everyone gets a 40% reduction in wages from 2017 January XNUMX.

FIRSTonline editorial team

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