A $9 million boss? UniCredit investors to decide how much Orcel is worth By Reuters
By Valentina Za, Maria Pia Quaglia and Simon Jessop MILAN (Reuters) -Investors are due to approve Andrea Orcel's appointment as chief executive of UniCredit on Thursday, but the issue that scuppered his first attempt to run a major bank is overshadowing his second: pay. Orcel, 57, will join UniCredit just over two years after Spanish bank Santander (MC:SAN) withdrew an offer to make him its CEO after a disagreement over his pay package that ignited a 112 million euro ($134 million) legal dispute. Though only a fraction of the $30 million-plus bonuses Orcel got as a...
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