Eurobank Managers Take Pay Cuts
- Written by E.Tsiliopoulos
Eurobank's high level management staff, among them the general managers of the management board have agreed to accept a proposal by CEO Hristos Megalou for a decrease of 17% in pay.
The decrease includes the CEO and 10-15 other senior staff, essentially, the people running the bank. Sources from the bank note that this is not a harbinger of across the board cuts, but notes that management will do all it can to attain set targets.
Meanwhile, a bank management team led by the CEO is in the USA participating in a “Citi” roadshow in an effort to find investors and cover the sum total of an upcoming capital increase totaling around 2 billion euros.
Related items
-
Olympic Games - Tentoglou gets long jump gold with a 8.41m leap
-
Lockheed Martin - Cooperation for the Hellenic Navy Upgrade Program
-
Olympic Games - Lefteris Petrounias wins bronze
-
Health services on high alert against unfolding forest fire at Zeria, Achaia, northwestern Peloponnese
-
Mykonos – Well-known beach bar two-day shutdown for tax violations
Latest from E.Tsiliopoulos
- Olympic Games - Tentoglou gets long jump gold with a 8.41m leap
- Lockheed Martin - Cooperation for the Hellenic Navy Upgrade Program
- Olympic Games - Lefteris Petrounias wins bronze
- Heatwave - Which areas will hit 46 degrees [Maps]
- Health services on high alert against unfolding forest fire at Zeria, Achaia, northwestern Peloponnese