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Friday, 27 May 2016

Geronzi's 17 million euro pay-off sticks in craw

Egregious payment

Generali's exchairman undermined his chief executive and alienated board members. To force him out, the Italian insurer has now given him 1.5 million euros for each month he was in this post. This is an astonishing payment for being a nuisance.

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