PopVicenza: Iorio, eighteen months to 10,600 euro per day (gross) – Corriere della Sera

Francesco Iorio became the ceo of the Banca Popolare di Vicenza on the first of June 2015. Was Gianni Zonin, chairman of the cooperative bank, wanting to under Monte Berico after you have obtained the go-ahead from the Supervisory authorities. Iorio was from Ubi, where he was the director general, and Vicenza was to solve the urgent problem of replacing Samuele Sorato, who retired in great haste, and in contrast with the presidency Zonin at the beginning of the previous month. To justify the waiver of the accrued bonuses in the Ubi Iorio claims a bonus entry that Vicenza is estimated at 1.7 million of euros. To these were added 1.7 million gross per year for the assignment of work, with a duration of three years. “I’ve come to collect a professional challenge important but also very risky, both from the point of view of professional reputation,” said Iorio, on the occasion of the budget meeting of last spring.

Carried out

Francesco Iorio

Now the challenge is interrupted, remains, serious, the crisis of the bank – the most serious of republican Italy, with a hole of 8,75 billion euros and 120 thousand shareholders – and, at the margin, the counting skills. Iorio has worked for Banca Popolare di Vicenza for 18 months, and 4 days, the resignation, in fact, date back to Sunday 4 December. For this period, has already received a total of 4,236 million euros, to which are added – as provided by the contract – two of the year, i.e. € 3.4 million, bringing the total number of (except derogations) to 7,636 million. It remains to be seen how it will close the story on the 18 remaining months of his contract. The total, net of other possible bonuses and benefits, varies among the 4,236 million already in his pocket and 7,636 million of the maximum hypothesis, which includes the payment, in full, of the two annuities provided for in these cases, the contract signed a little over a year and a half ago. In both cases, a good go: it varies from 7.687 € 13.858 euro per day, gross, for 551 days of work. Christmas (a) and August (two) included.

Comes in Purple, solves problems

Now you wait (Tuesday morning?) the announcement of the new ceo: will be Fabrizio Viola, a former Monte dei Paschi di Siena to Vicenza has already directed the bank at the beginning of his career. Purple will also be the ceo of the bank resulting from the merger with Veneto Banca. His arrival announced (Corriere Economia I pointed out already on the 21st of November): has the know-how required to manage the large complexity and the confidence that the Ecb would like to see him immediately at the head of the other bank disaster in the north east, the Veneto Banca to merge as soon as possible with the Vicenza.

December 5, 2016 (change the 5 December 2016 | 21:45)

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