20:58 (Il Sole 24 Ore Thomson Financial) – Milan , Jan. 26 – There are also many rumors that arose on why the release of Greek. The issue of remuneration, taking into account that in 2014 Senn has received fees for 7.7 million euro, while Greek in Trieste has earned 3.25, as the company – again according to rumors – would be willing to increase wages the ceo. Some media quoted reasons of disagreement with some members, but ‘not found any confirmation. The largest shareholders, including Mediobanca and Leonardo Del Vecchio, expressed themselves more ‘times in favor of Greek. According to reliable sources, on the other, to the decision of the CEO there would considerations of a different mold: 56 years Greek goes to Zurich to play a high-profile position internationally. A new three-year term to the General would make him less by birth ‘suitable’ for a similar position. On the other hand, noted a source, Greek in Trieste has already ‘fulfilled the mission that had been assigned to the turnaround of the group, with the two strategic plans, the first presented in January 2013 and sent to the port in advance and the second announced last May. Over the next four years, the group points to a net free cash flow of over EUR 7 billion and cumulative dividends of more than 5 billion. At the end of last September, the net profit amounted to 1.7 billion euro and already ‘above the level of the end of 2014. “The General is a train now launched: Greek embossed push and gave the route, now serving a managers who continue to drive well the company “on the path traced, says a source. The stock market has perhaps reserved for the Generali share all the satisfaction that someone was expected with the arrival of Greek in 2012: the title then to 8.5 euro and ‘climbed up to a maximum of 19 euro close of results 2014, to settle back down to lower levels. A trajectory that many analysts, on the other, connect to the low interest rate environment, the initial uncertainties of the regulatory framework of Solvency II, exposure to Italian sovereign debt, sanctioned by the rating agencies as Italy weights only 30% Generali and the widespread volatility ‘markets that often had targeted especially financial stocks. glycol (RADIOCOR) 01/16/26 20:58:44 (0717) 5
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