A $57 million pay dispute sees Andrea Orcel get dumped as new Santander CEO before even getting started

The Spanish banking giant said that the level of compensation that was required to hire Andrea Orcel was 'unacceptable.'

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Santander Cancels Andrea Orcel’s Appointment as CEO Over CompensationBanco Santander withdrew its job offer to former UBS executive Andrea Orcel to be its next chief executive after concluding the high-profile investment banker was too expensive.
Read more »

A top banker was about to be made CEO but his pay package was too big so the offer was yankedProminent investment banker Andrea Orcel loses CEO job at Santander after the Spanish bank and his former employer balk at big deferred compensation payout.
Read more »