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Andrea Orcel wins $76m payout from Santander over axed CEO posting
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Banco Santander has been ordered to pay more than $76m in compensation to Andrea Orcel, the high-profile investment banker whose appointment as chief executive it canceled in 2019.
A Madrid court ruled on Friday that the contract offered to Orcel, the current boss of Italy's UniCredit, is valid and that it was terminated "unilaterally and without justification" by Santander.
The...
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