Airbus CEO Enders' 'golden parachute' excessive: French finance minister

Updated: Wed, Apr 03, 2019
01:00 am
Reuters
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An almost 40 million euros ($44.78 million) golden parachute farewell that Airbus` outgoing Chief Executive Tom Enders could get is excessive and may harm the company`s image, France`s finance minister said in remarks published on Tuesday.

Le Monde newspaper reported that his departure package was worth 36.8 million euros, citing a calculation made by corporate governance firm Proxinvest.

Two people familiar with the company told Reuters the deal was closer to 40 million euros.

"The figure announced regarding Tom Enders is obviously excessive and could harm the reputation of Airbus," Finance Minister Bruno le Maire told Les Echos newspaper. "I call on the directors of Airbus to draw the (necessary) conclusions."

Airbus declined to comment.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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