VIDEO – Thanks to a CSD, Philippe Varin will finally touch one life to pay almost 300,000 euros per year. The former CEO of PSA had yet stated publicly renounce his hat retired in 2013.
A retreat hat that continues to make a stir. After publicly “renounced” to a comfortable salary in 2013, the former CEO of PSA Philippe Varin, who left the head of the automotive group in early 2014, although ultimately affect a golden retirement, nearly 300,000 euros per year, at a cost of 15 million euros for the group, says the site Deontofi. To do that, the former head of PSA found a subterfuge.
In theory, Philippe Varin never should claim any retirement hat. The company gives indeed a generous system of “additional retirement” only for leaders who have a minimum of five years of presence in the group. But Philippe Varin took office in June 2009 before being thanked early 2014. So lacked a few months of activity to be eligible for all forms of retirement hat. Never mind. The automaker has signed with his former leader a temporary employment contract, which allowed him to reach the sacred threshold of 5 years of work … A contract described by the website specialized in financial ethics as “very dark since there is no mention in official documents. No information filter, nor its duration, nor the remuneration to be paid to him in this transitional period. ”
Meanwhile, PSA said it had asked former CEO to assist the implementation of the agreements with the state and Dongfeng early last year. “When we completed our major operation with Dongfeng, the group asked Philippe Varin to stay in the group and follow the operation. The group has assigned a temporary mission of three months until the operation is buckled, “said a spokesman for the group.
“Philippe Varin took advantage of the grace period between his dismissal in November 2013 and his departure in March 2014 to concoct a new custom hat pension system”
Meanwhile, Philippe Varin modifies the conditions of payment of his retirement hat. “The pension system is revised down, the future ex-boss will be entitled to 299,000 euros per year instead of 420,000 euros. And it will still cost fifteen million to Peugeot “growls Deontofi. The granting of such compensation would then discreetly passed in April 2014. “Most of the shareholders present at the meeting does not even noted that in April 2014, this new agreement concocted they are asked to approve with state complicity, Peugeot, and especially of the Medef, “the Financial Ethics website. “It took until April 2015 for it to appear discreetly in the Peugeot SA reference document,” says the site. PSA explains that “the conditions of remuneration are public, they appear in the reference document. They have also been submitted to a shareholder vote and were voted by the AFEP-MEDEF which accepted the conditions. ” Concerning the about-face of Philippe Varin who had renounced his retirement hat in 2013, the group said the officer “renounced the conditions as they were defined at the time.”
In fact, in 2013, prompted by the general indignation, Philippe Varin said publicly renounce “the current provisions of his pension rights because of the controversy.” That year, the unions and public opinion do not digest the group removes 8,000 jobs after completing 5 billion loss in 2012, and at the same time makes a comfortable retirement hat 21 million at a deemed responsible boss the rout of the group.
But when the boss says to write off its kitty, it was in fact ultimately not eligible for this compensation. “In reality, it is rather obsessed discreetly save his kitty” Deontofi says. He “used the grace period between his dismissal in November 2013 and his departure in March 2014 to concoct a new custom hat pension system,” adds the site. But these revelations could possibly force the boss to change his mind.
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