Axel Springer’s senior executives are close to receiving bumper payouts as part of the planned break-up the German media giant agreed with buyout firm KKR.
The group valuation underpinning the preliminary agreement is nearing the €13.6bn threshold in the management incentive package that triggers a generous payout, according to a company presentation seen by the FT.
If this level is reached, more than 100 top managers would receive 8.6 times the amount they have invested in the business since 2021, when the current scheme was agreed, according to people familiar with the details.
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