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
-
Professor, advocate of the return to the drachma, declares for Karystianou's future party: I will have the role of economic advisor
-
Mitsotakis in Brussels for the informal Summit, not going to Davos
-
Poll: At 16.5 points, ND's lead is the 2nd largest since 201
-
Two dead from severe rainfall
-
Dendias: Greece–Israel alliance to counter drones and submarines – Katz warns Turkey, including over the Aegean
Latest from E.Tsiliopoulos
- Professor, advocate of the return to the drachma, declares for Karystianou's future party: I will have the role of economic advisor
- Mitsotakis in Brussels for the informal Summit, not going to Davos
- Poll: At 16.5 points, ND's lead is the 2nd largest since 201
- Two dead from severe rainfall
- Dendias: Greece–Israel alliance to counter drones and submarines – Katz warns Turkey, including over the Aegean