(Reuters) - Alain Levy, the French head of music at EMI , who was
sacked in January following the latest in a string of profit
warnings by the company, received a 1.12 million pound bonus
last year as part of a total remuneration package of 4.6 million
pounds. EMI said that under the terms of his contract, Levy was
entitled to both a bonus and a pay-off "in the event of his
termination without cause ". He is
also entitled to continue to receive retirement benefits and
other benefits in kind for a year after his sacking.
RUMOUR OF THE DAY
Read more at Reuters.com Mergers News
sacked in January following the latest in a string of profit
warnings by the company, received a 1.12 million pound bonus
last year as part of a total remuneration package of 4.6 million
pounds. EMI said that under the terms of his contract, Levy was
entitled to both a bonus and a pay-off "in the event of his
termination without cause ". He is
also entitled to continue to receive retirement benefits and
other benefits in kind for a year after his sacking.
RUMOUR OF THE DAY
Read more at Reuters.com Mergers News
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