News & Views

Hard cash for a hard day's work?

BY Daniel Gorry
Employment law
BG Purple

A CEO has been paid £1.1m by cosmetic company Coty despite not actually doing a day's work for the company.

Elio Sceti was due to take up the reins at the company when he changed his mind just a week before his start date. However, the company honoured Mr Sceti's contract and paid out the whopping severance payment, equivalent to a year's salary. Now that sounds like the sort of job we could all do with!

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