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Santander s Botin defends Orcel offer as CEO row reaches court

Santander s Botin defends Orcel offer as CEO row reaches court
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EXCLUSIVE Orcel cuts size of Santander claim on eve of job offer case -source

BusinessEXCLUSIVE Orcel cuts size of Santander claim on eve of job offer case -source Jesús Aguado 1/3 Andrea Orcel poses with IFR s Bank of the Year for 2015 award at the 2016 IFR Awards event in London, Britain in this handout photograph shot January 27, 2016 and provided to Reuters January 22, 2020. IFR/Simon Wagner/Handout via REUTERS Read More Italian banker Andrea Orcel has cut his claim against Santander over a rescinded offer to make him chief executive by tens of millions of euros, sources said and a court document seen by Reuters on the eve of a hearing show. The case, which stems from Santander s (SAN.MC) decision more than two years ago to ditch plans to make Orcel its CEO after a disagreement over pay, is due to be heard in a Madrid court on Wednesday after several earlier hearings were delayed.

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