Thursday, 27 July 2017

Telecom Italia throws cash at CEO for turnaround

By Mary Lennighan, Total Telecom
Friday 27 May 16

Cattaneo could receive up to €40 million via special award; telco also reduces board size, adds 'TIM' to corporate brand.

Telecom Italia's shareholders this week approved a hefty payout to chief executive Flavio Cattaneo, should he succeed in effecting a speedy turnaround of the company. Cattaneo could receive a bonus of up to €40 million should he exceed the targets laid out in the the Italian incumbent's 2016-2018 business plan. The telco is willing to pay out €55 million in total, with the balance going to other company managers nominated by Cattaneo…

Telecom Italia's shareholders this week approved a hefty payout to chief executive Flavio Cattaneo, should he succeed in effecting a speedy turnaround of the company. Cattaneo could receive a bonus of up to €40 million should he exceed the targets laid out in the the Italian incumbent's 2016-2018 business plan. The telco is willing to pay out €55 million in total, with the balance going to other company managers nominated by Cattaneo…

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