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France criticized for severance pay for the Airbus chief Enders

Airbus chief Enders will receive the farewell of approximately 37 million euros. The French economy Minister le Maire speaks of "excesses" and announces a law

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France criticized for severance pay for the Airbus chief Enders

Airbus chief Enders will receive the farewell of approximately 37 million euros. The French economy Minister le Maire speaks of "excesses" and announces a law.

The European aircraft manufacturer Airbus has confirmed it: the outgoing CEO Tom Enders receives 37 million euros in severance pay. After this sum was for the first time on Tuesday leaked, responds to the French government.

economy Minister Bruno le Maire announced, to cap severance payments by law. He wants to be outgoing Top managers in the future, a maximum of 30 percent of their salary.

Airbus chief Tom Enders with one of its problem planes: In November 2009, in front of the A 400 M

excesses, belong to the past

While the socialist predecessor government had, the advance payments for outgoing CEOs, already at 45 percent of the salary cap. This requirement, however, is not binding.

"Apparently, the recommendations for good corporate governance are not enough," said le Maire, and announced to chiseling the new rules are "in stone". Le Maire said with a view to compensation for Enders, the amounts were "excessive and belong in the past".

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