Domenica, 21 Ottobre 2018
ROME

'To do' decree amended to give 25% pay cut to managers

English
© ANSA

Rome, August 2 - Managers of listed companies under
public control will have to take a 25% pay cut according to an
amendment the Italian cabinet tacked onto the ''to do'' decree
Friday.
The text of the amendment reads, ''total economic
compensation can not be established as higher than 75%'' of the
mandate ''preceding renewal''.
The Italian state is the largest shareholder in a number of
listed companies, including defence and technology conglomerate
Finmeccanica and the international gas and oil company ENI.

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