Huge payday: Michel Combes has so far appeared resistant to pressure to forgo his
PARIS: The head of telecoms equipment maker Alcatel-Lucent rejected government pressure to renounce bonuses which could see him receive around €14mil (RM65.57mil) as part of its buyout by rival Nokia.
Michel Combes, who has headed the French-American company since 2013, told the business daily Les Echos that the payments were not linked to the €15.6bil (RM73.07bil) deal to create the world’s biggest supplier of mobile phone network equipment, but the fact he had turned around Alcatel-Lucent’s fortunes and its share price.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
