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Carrefour Rekindles Executive Pay Row In France

Published on Jun 19 2018 8:30 AM in Retail tagged: Featured Post / Carrefour / France / pay / Paywall

Carrefour Rekindles Executive Pay Row In France

A row over a lucrative severance package for supermarket group Carrefour's former chief executive reflects mounting public impatience and government irritation with pay deals for French company bosses.

Georges Plassat's €13 million payout was tantamount to "thuggish behaviour" and did not tally with the state in which he left Europe's biggest retailer, government spokesman Benjamin Griveaux said on Sunday.

Plassat's package was approved by 68% of votes cast at a shareholders meeting on Friday.

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