French pharmaceuticals group Sanofi (SASY.PA) came under fire from French government ministers on Monday over a welcome bonus planned for its new CEO. Sanofi's new boss, Olivier Brandicourt could pocket a one-off golden handshake of 4 million euros ($4.5 million) in addition to making 4.2 million euros a year. Government spokesman Stephane Le Foll blasted the package for the new boss of France's largest listed company as "incomprehensible". "These people, when they have hardly taken the reins of a company - which is to say they haven't yet taken any risk - are already assured to get a disproportionate package," Le Foll said on RTL radio.
via Business News http://ift.tt/1B4Anlh
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