Summary
SANTANDER'S top management team, currently in the middle of an (pounds) 8bn takeover of Abbey National, could bank huge pay-outs of between three times their total annual remuneration or five times their fixed salary, if they are sacked.
If the three times total remuneration multiplier is applied to Alfredo Saenz, chief executive of Santander and Spain's highest- paid director, who pocketed e5.75m ((pounds) 3.85m) last year, he could potentially receive a golden boot payment of up to e17.26m.See the full content of this document
Extract
Santander Executives in Line for Bumper Pay-Offs
Similarly, Emilio Botin, chairman of Santander, who was paid a total of e2.6m in 2003, could collect a pay...
See the full content of this document
Sponsored links
