all know the origin of banking and financial crisis. It is therefore necessary that we leave to see how "suffer" in that sector the situation.
Banco de Santander has decided to retire his CEO Alfredo Sáenz, with 85'7 million euros and its chairman Emilio Botin to 24'6 million. Managers are not the only winners. The six executive directors of the Banco de Santander collected more than 251 million euros in pensions, according to information provided by the financial institution at the National Securities Market Commission (CNMV). Of this group of directors is Alfredo Sáenz Abad receive higher pension which, because it adds 85.7 million euros, while the second largest amount corresponds Francisco Luzon Lopez, with 53.5 million euros allocated .
The third board of six corresponds to Matias Rodriguez Inciarte, with an amount of 52.5 million euros , while for Emilio Botin, according to data sent to the CNMV, the pension is 24.6 million euros. Ana Patricia Botin A incumbent euro 23.7 million lower pension s corresponds to Juan Rodriguez Inciarte with an amount of 10.9 million euros . And while
recommend increasing the retirement age for workers in the Santander Bank may request early retirement executive directors if they have turned 50 years old and carrying more than 10 years in the Bank or other companies Group.
Similarly, executive directors may take early retirement at his own request , when they have served 55 years and have 10 years seniority in the Bank.
Regarding salaries, the CEO of Santander, Alfredo Saenz, received 10.2 million in 2009, a 10.13% increase 2008, while the president won 3.99 million. The six executive directors of Santander earned between fixed and variable, 28.18 million. After Saenz, Francisco Luzon and Matias Rodriguez Inciarte are the most charged, with 5.81 million and 5.33 million respectively. Ana Patricia Botin, chief executive and president of Banesto, won 3.64 million. Juan Rodriguez Inciarte 3.12 million won. The 19 directors earned 36.06 million. However, in a gesture of austerity, for 2010 have been frozen, the flat rates.
It is not unlike the scenario in other banks. Last year, after eight years as second strongman of BBVA, José Ignacio Goirigolzarri stepped down as CEO with a minimum pension of 52.49 million euros. That is, a 'salary' of about three million annually.
The "overwhelming" reaction to this situation by the English government has been the statement by Secretary of State has asked financial institutions "reflect" for depositors who have deposits in these institutions "probably not provide much welcome that managers of these entities have some compensation as unfair in these difficult times. "
For its part, not a few voices calling for extending the retirement age as a palliative measure to the crisis. Some newspapers, such as the Country, May formulated the following question to readers: Do you agree to delay the retirement age for pension system sustainable?
The question remains why is this banking crisis in which the managers of the banks charge tens of millions of euros per year and even more for retirement. Why do not we jump from the windows of their offices and at the crack of 29.
Source: Kaos en la Red
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