Image: Reuters
The latter only went through with 53.4 percent. The change is intended to enable virtual or hybrid AGMs in the future, subject to a corresponding change in the law.
The remuneration report passed with almost 80 percent. Bawag boss Anas Abuzaakouk earned 9.4 million euros last year. Additionally, according to Bawag’s website, he holds around 1.05 million shares in the bank. The American is one of the highest paid bankers in Europe. His salary was reduced by eleven percent.
The renewed absence of Abuzaakouk caused anger. “A CEO who receives almost ten million euros in individual salary and does not even appear at the virtual general meeting must be asked moral questions,” said Florian Beckermann, President of the Interest Group for Investors (IVA).
Source: Nachrichten
