mo4ch:>France vows to cap golden parachutes after outgoing Airbus CEO gets €37 million | Mo4ch News

The exit pay for big bosses should be limited to 30 percent of the salary, French Finance Minister Bruno Le Maire said as he criticized the “excessive” multimillion departure check for outgoing Airbus executive Tom Enders.The 60-year-old chief executive of the European aerospace giant, in which France owns an 11 percent stake, is set to receive €36.8 million (US$ 41 million) when he steps down, French media reported earlier this week citing calculations by an investor advisory firm.“I will limit the amount of bosses' golden handshakes to 30 percent of their salary,” Le Maire told the BFM news channel. He added that the reported farewell pay is “excessive” and may harm the reputation of Airbus.Also on rt.comFrance could earn hundreds of millions by taxing tech giantsThe so-called golden parachute – a guaranteed compensation for outgoing top executives – currently stands at around 45 percent of the salary in France, the minister noted. However, the sum is non-binding and the compani…