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Former Deutsche Telekom CEO René Obermann falls softly after taking over his present titan employer Ziggo. He is assisted 3.95 million euros to cash plus shares worth around 1.8 million euros, if the purchase of the Dutch cable operator by the US-based Liberty Global is perfect.
The totals will be apparent from a stock exchange release of Liberty Global of 24 July, which had taken up the "Bild am Sonntag" on weekends. titan The "Rheinische Post" had pointed out, citing titan corporate circles of Ziggo on a payment in the millions already in the announcement of the takeover in January. Ziggo himself had announced Obermanns salary details including the severance arrangements already in employment.
According to the stock exchange release itself titan down payment as follows: a severance payment of 750,000 euros, an annual bonus of 750,000 euros and the appearance fee of 2.45 million euros, because Obermann had waived at the Telekom claims. There would also be 52,480 shares as those which Obermann as part of its bonus plan. The tender offer for Ziggo was less than four weeks after the inauguration of Obermann. Compensation for top executives are usual in such a case.
Because Obermann had just begun serving the new job after his departure at Telekom, the Bonn-based company had not paid a previously agreed waiting allowance, confirmed a Telekom spokesman. Originally a total of 1.45 million euros was provided. (AP)
Electric Osram called titan first details on job cuts in individual plants
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The FC Augsburg in his fourth Bundesliga titan season
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