PARIS: The chief executive of European aerospace giant Airbus stands to receive a 37 million euro ($41 million) severance package when he steps down next week, according to calculations by an investor advisory firm released Tuesday. The company acknowledged the "soundness" of the calculations made by Proxinvest, which were based on financial filings under German CEO Tom Enders. According to Proxinvest, Enders will receive a total of 26.3 million euros in retirement pay over the next 20 years, along with stock and performance bonuses valued at 7.3 million. In total Enders's package would be worth 36.8 million euros. Last year Airbus paid 81 million euros to settle a German inquiry into the suspected kickbacks in the sale of Eurofighter jets to Austria.

Source: Mint April 02, 2019 16:18 UTC