Orcel open to drop part of claim against Santander if becomes Unicredit CEO, source says ...Middle East

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Italian banker Andrea Orcel is open to negotiating a deal with Santander over the bank's withdrawal of an offer to make him CEO, including by lowering his compensation claim from 112 million euros to around 60 million euros, a source with knowledge of the matter told Reuters on Wednesday. "If Orcel were to be appointed CEO of Unicredit, the part of the lawsuit seeking contract fulfilment would have to be withdrawn," a source with knowledge of the matter said, adding that everything was still open.

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Last updated : 27 January 2021 clock 04:02 PM

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Orcel open to drop part of claim against Santander if becomes Unicredit CEO, source says ...Middle East

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