Santander Cancels Andrea Orcel’s Appointment as CEO Over Compensation

Santander said Andrea Orcel, who was named the bank's next CEO, is no longer in line for the post after it concluded he was too expensive

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A $57 million pay dispute sees Andrea Orcel get dumped as new Santander CEO before even getting startedThe Spanish banking giant said that the level of compensation that was required to hire Andrea Orcel was 'unacceptable.'
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A top banker was about to be made CEO but his pay package was too big so the offer was yankedProminent investment banker Andrea Orcel loses CEO job at Santander after the Spanish bank and his former employer balk at big deferred compensation payout.
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