https://www.theguardian.com/business/2019/jul/03/banker-lined-up-to-lead-santander-sues-for-100m
The investment banker who was lined up to lead Santander before it suddenly withdrew the offer over his pay demands is suing the Spanish lender for €100m (£900m).
Andrea Orcel submitted a lawsuit accusing Santander of a breach of contract, according to a report in the Financial Times , demanding the bank either hand him the sum in damages or reinstate its offer of the chief executive’s post.
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Unless someone completely fvcked the offer letter or there was sort of stupid collateral representation made I wouldn’t have thought he had a hope.
Sounds like a bit of the old pressure tactics to force a settlement - ‘don’t force me to disclose in court the things that you told me about the bank when we were dancing round each other’ type thing.
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Out of interest do we know where he issued?
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Er, €100m is not equivalent to £900m m6
i know the prospect of BoJo and Brexit has hit the pound hard, but not that hard.
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£9m and i’d not do it.
Sorry, ?????, but you just priced yourself out of the market.
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