Angel Cano charged as retirement annuity. Former CEO of BBVA has agreed with the bank charged 1.79 million euros gross per year for life, according to financial sources consulted by expansion.
This amount responds to 75% of their pensionable base such and as stipulated in the contract. Cano could have chosen to receive their pension in a lump sum, while opting for the annuity and other bankers who have recently left their bench as Javier Marin, former CEO of Santander.
To meet these payments, BBVA has had to provision 19 million euros in the first half, in addition to the 26 million that had been enacted in recent years. In total, the bank presided by Francisco Gonzalez estimated Cano pension cost 45 million euros.
The former CEO was dismissed from his post last May 4 and has established in his contract non-compete clause for two years. If I wanted to sign with another bank during this period, the appointment should be approved by the board of BBVA. Once the deadline past, you could go to another entity as did joseignacio Goirigolzarri to joining Bankia.
Until his departure, Cano was the second best paid executive of the bank, behind Gonzalez. Former CEO cashed in 2014 3.9 million euros between fixed and variable, following a rise of 3.8%. The banker still has pending the collection of variable part of recent years, which according to international standards is deferred for several years.
Next to the pension Cano, BBVAtenía provisioned 90 million euros deDirección to Committee members, some of whom have come to coincide with the march of Cano, 261,000 euros in the case of the executive director josemanuel Gonzalez-Paramo; and 80 million in the case of Gonzalez, whose annual contributions to the pension became paralyzed in 2010.
The relay Cano as CEO came last May 4, before the decision to give a beat Gonzalez the dome of the bank. President BBVAnombró as new number two Carlos Torres, hitherto director of Digital Banking, in order to do penetrate the digital transformation within the organization.
Cano served as CEO of BBVA for six years, in which the bank entered the Turkish market with the purchase of a 25% stake in Garanti, which later rose to 40% -. The former CEO was also instrumental in the two acquisitions that the company has closed in Spain during the crisis. Unnim, in 2012, and Catalunya Banc, last year
Other allowances The recent history of banking has other examples of early swords receiving millions sector pension after his departure.
The highest paid at the moment is the Corcóstegui Angel, CEO of Santander until 2002, which saw a pension of 108 million euros.
Two other exdirectivos entity led by Ana Botin are among the highest paid after leaving Alfredo Saenz, former CEO, with a pension of 88 million euros, or Francisco Luzon, executive and responsible exconsejero Bank for Latin America, that after his departure saw 64 million euros.
In the case of BBVA, Goirigolzarri received after leaving the bank a pension of 53 million.
A recent Bank of Spain Circular states that henceforth pensions bankers have a variable part, not less than 15%, to be charged based on results.
Information Expansion
www.entornointeligente.com
See also www.mundinews.com | www.eldiscoduro.com | www.tipsfemeninos.com | www.economia-venezuela.com | www .politica-venezuela.com | www.enlasgradas.com | www.cualquiervaina.com | www.espiasdecocina.com | www.videojuegosmania.com
Follow us on Twitterentornoi
Also you may be interested
Asteroid” 1999 JU3 “seeks new name
A satellite study microgravity
Discover the secret of deadly boa constrictor method
The mammoths died from abrupt global warming
Women in dementia fall before
Half of the population of Latin America is no Internet access
Asteroid “1999 JU3″ seeks new name
Discover the secret of deadly boa constrictor method
The mammoths died from abrupt global warming
No comments:
Post a Comment