Santander boss Ana Botin defends Andrea Orcel CEO offer as top bankers face off in court
Santander Bank President Ana Patricia Botin on October 16, 2020 in Oviedo, Spain. (Photo by Carlos Alvarez/Getty Images)
Santander boss Ana Botin defended the bank’s actions in a court hearing in Spain today over the withdrawal of an offer more than two years ago to make Italian banker Andrea Orcel its chief executive.
The very public row, which has offered a rare glimpse into the inner workings of a top bank, ended up in a Madrid court after Spain’s largest lender dropped plans to make Orcel, previously the top investment banker at Swiss bank UBS, CEO following a dispute over his multi-million-euro pay package.
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