Orcel dodges revolt over pay as he takes helm at UniCredit ...Middle East

Andrea Orcel on Thursday fulfilled his dream of becoming a bank boss, but disquiet over how much the veteran dealmaker will earn as the new UniCredit chief executive means his tenure begins on the defensive. Orcel, 57, only narrowly defeated a shareholder revolt over the terms and size of his up to 7.5 million euro ($9 million)remuneration package, securing just 54.1% of votes at a general meeting.

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